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JPMorgan, Credit Suisse paying $417M in SEC case

November 17, 2012
By MARCY GORDON , THE ASSOCIATED PRESS

WASHINGTON - JPMorgan Chase and Credit Suisse have agreed to pay a combined $417 million to settle federal civil charges that they sold risky mortgage bonds to investors ahead of the 2008 financial crisis that the banks knew could fail.

 
 

 

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