Skip to main content

Newsroom

November 12, 2013

J.P. Morgan Talks With Justice Department Gain Momentum

Talks between J.P. Morgan Chase & Co. and the Justice Department are heating back up after several disagreements threatened to scuttle a landmark pact between the two last month, people close to the talks said.

Comprehensive final terms haven’t been reached, but several people said it was possible they could be agreed to this week.

The $13 billion deal would resolve a number of probes into the bank’s sale of mortgage bonds during the housing boom.

Negotiators from J.P. Morgan and the Justice Department are working on final language that would resolve the differences that divided the two sides last week, including the question of whether J.P. Morgan can count $5.1 billion in recent settlements with mortgage-finance companies Fannie Mae and Freddie Mac toward the $13 billion total.”

***

Read full Wall Street Journal article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today