TODAY

TODAY   |  October 21, 2013

Report: JP Morgan Chase makes $13 billion settlement

A $13 billion deal has closed between the bank and the U.S. Justice Department over the company’s bad mortgage loans. This would be the largest deal made between the U.S. government and any single company.

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>>> j.p. morgan chase has reportedly reached a $13 billion deal with the u.s. justice department to settle an investigation into bad mortgage loans . the tentative deal resolved probes of the company's residential mortgage backed security business. it does not, however, release the bank from criminal liability. the deal would be the largest ever between the u.s. government and a single company.