Everything you need to know about JPMorgan’s $13 billion settlement

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According to CNN, JPMorgan pocketed $21.3 billion in net income in 2012 and has assets in the trillions, so it shouldn’t take long for the bank to come up with the funds. If the $13 billion settlement is approved, about $6 billion "will serve as compensation for investors like pension funds that suffered losses," according to the Times.

Everything You Need to Know About JPMorgan’s $13 Billion Settlement. washingtonpost.com | October 22, 2013. By Neil Irwin. JPMorgan Chase is nearing a $13 billion civil settlement with the Justice Department for its mortgage lending practices. So what’s going on here? We’re here to help.

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Recently, JPMorgan Chase ("JPMorgan") negotiated a tentative settlement of a record $13.1 billion with the U.S. Justice Department over mortgage lending practices.1 While some news outlets have portrayed this as politicized government overreach or anti-Wall Street zealotry2, others have argued that the government could (or should) have forced JPMorgan to pay "significantly more than.

Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan for Misleading Investors About Securities Containing Toxic Mortgages *CORRECTION: The release below previously stated that New York is receiving $613.8 million in this settlement, however, the number is $613.0 million.

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Putting JPMorgan’s $13 Billion Settlement Into Context The size of JPMorgan Chase’s $13 billion settlement is no mystery — but do you know what $13 billion is really worth? Anders Bylund

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US bank JP Morgan agrees to a record $13bn (8bn) settlement with US regulators. Please let us know if you agree to all of these cookies.. "We are pleased to have concluded this extensive agreement," said JP Morgan.

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