SAN FRANCISCO (MarketWatch)
J.P. Morgan Chase & Co. has reached a tentative $13 billion deal with the Department of Justice to settle investigations of its mortgage-backed securities business, The Wall Street Journal reported , citing an unnamed person
The agreement has not been finalized and there are still issues to be resolved, the newspaper said
If the agreement stands, it would represent the largest settlement the U.S. government has reached with a single company, according to the Journal
J.P. Morgan Chase & Co. has reached a tentative $13 billion deal with the Department of Justice to settle investigations of its mortgage-backed securities business, The Wall Street Journal reported , citing an unnamed person
The agreement has not been finalized and there are still issues to be resolved, the newspaper said
If the agreement stands, it would represent the largest settlement the U.S. government has reached with a single company, according to the Journal
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