Headline Details

JPMorgan to pay $500 mln in mortgage settlement

Published on: Tue, 03 Feb 2015 15:12:42 UTC
News Agency: Reuters
Description:
NEW YORK, Feb 3 (Reuters) - JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises.

Click here for FULL Story on Reuters

Also happening now

HeadlineNews Agency
Kofi Annan, former UN chief, dies at 80 BBC
Qatar accuses Saudis of barring haj pilgrims, Riyadh says untrue Reuters
New car found in rubble of collapsed Genoa bridge: authorities Reuters
Italy's Autostrade to announce plan for victims, city after bridge collapse Reuters
Iran says navy mounts new defense system on warship Reuters