JP Morgan agrees $5.1bn fine
JP Morgan has reached a $5.1bn (£3.2bn) settlement with the US Federal Housing Finance Agency relating to charges it misled investors during the housing crisis.
The settlement, the biggest ever by a US bank, is in response to claims it misled mortgage giants Fannie Mae and Freddie Mac during the housing boom.
A separate settlement with the US Justice Department is expected to be announced soon.
Mariko Oi reports.
26 Oct 2013
- From the section Business