JPMorgan reaches $4.5B settlement with investors on mortgage-backed securities

Question of the Day

Should Congress make English the official language of the U.S.?

View results

NEW YORK — JPMorgan Chase & Co. says it has reached a $4.5 billion settlement with investors over mortgage-backed securities.

The settlement was announced Friday and includes 21 major institutional investors. The mortgage-backed securities were issued by JPMorgan and Bear Stearns between 2005 and 2008. JPMorgan acquired the failing investment bank Bear Stearns in March 2008.


SEE ALSO: JPMorgan paying $5.1B in Fannie, Freddie deal


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks