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Govt, JPMorgan reach tentative $13B settlement

October 20, 2013
By PETE YOST , The Associated Press

WASHINGTON - JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis, a person familiar with the negotiations between the bank and the federal government said Saturday.

 
 

 

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