Wednesday, August 28, 2013
Submitted by: Tracey Hawkins

Feds Seek $6 Billion from JPMorgan

[Reuters] U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages.

[Reuters] The FHFA litigation is among a raft of legal issues JPMorgan is trying to work through in addition to investigations over its $6.2 billion "London Whale" derivatives loss of last year.

Posted by Editor on 08/28/13 at 10:14 AM •  (0) Comments

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