WSJ: JPMorgan Talks Stall in Settlement Effort
The Wall Street Journal reported that a multibillion-dollar settlement between JPMorgan Chase and the U.S. over soured mortgage bonds may collapse due to disagreements related to a criminal probe of the bank and its effort to get penalties reimbursed by a government-controlled fund, according to people familiar with the discussions.
The Wall Street Journal said a draft agreement from the bank caused the division, raising questions about the ability to finalize the pact, according to people familiar with the talks.
To read the entire WSJ story, click here.
Previously on abfjournal: WSJ: JPMorgan in Tentative $4B Deal to Settle Mortgage Claims, October 28, 2013