Hirunews Logo
JP+Morgan+set+for+a+record+%2413bn+fine
Sunday, 20 October 2013 - 8:21
JP Morgan set for a record $13bn fine
6

Shares
806

Views

US banking giant JP Morgan is set for a record $13bn (£8bn) fine to settle investigations into its mortgage-backed securities, US media reports say.

A tentative deal is believed to have been reached in talks with senior US justice department officials.

The sale of overvalued mortgage-backed securities was blamed for the near-collapse of the banking system in 2007.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE