Business

摘要

After weeks of speculation JPMorgan Chase and the Justice Department concluded a $13 billion settlement package related to mortgage-backed securities that were mis-sold by the bank and Washington Mutual and Bear Stearns, two banks that JPMorgan took over in the depth of the financial crisis. It is the biggest-ever penalty levied against a company in America. A few days earlier JPMorgan settled with a group of investors for $4.5 billion in a separate case.