Daily News: March 4, 2014

Reuters: JPMorgan Pays Syncora $400MM Settlement Over Toxic Loans

Reuters reported JPMorgan Chase will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities, according to the insurer.

The figure was included in a financial statement for 2013 issued by Syncora Holdings Ltd., Reuters said.

To read the entire Reuters article, click here.