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JPMorgan in Tentative $13 Billion Settlement With U.S. Justice Dept.

  • Aired: 1/20/2013
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Synopsis >

Banking giant JPMorgan Chase has tentatively agreed to a $13 billion dollar deal with the U.S. Justice Department. The tentative deal is to settle federal investigations into bad mortgage loans the bank sold before the financial crisis. It's the largest deal ever between a single company and the U.S. government. At issue was whether the biggest U.S. bank sold mortgages it knew were riskier than they appeared.

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