JPMorgan reaches $388 million settlement in mortgage securities case

(Reuters) – JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis.


Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *

13 + sixteen =