JPMorgan reaches $4.5 billion settlement in latest mortgage-related deal

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Nov. 18, 2013

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JPMorgan Chase has agreed to shell out $4.5 billion to institutional investors to settle claims that the bank, and Bear Stearns, which JPMorgan acquired, sold them shoddy mortgage bonds from 2005 to 2008, The New York Times reports. The payout ...

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