FDIC wants in on JPMorgan settlement, bogs down talks

Oct 29 (Reuters) – JPMorgan Chase & Co and the U.S. Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank’s mortgage bonds, two people.

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According to the person familiar with the talks between JPMorgan and the Justice Department, the final issue in the settlement revolved around the $4 billion to compensate consumers. Some $1.5 billion.

According to The Wall Street Journal, five years after JPMorgan. into the settlement stipulating that none of the costs the bank pays regarding Washington Mutual will be passed to the FDIC, said.

the talks are continuing and have not broken down. The squabbling shows how hard it will be for JPMorgan to end the many legal problems it faces now. Earlier this month, JPMorgan and the government.

JPMorgan, FDIC, deutsche bank finalize settlement in WaMu mortgage suit Posted on August 20, 2016 | Leave a comment JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over, closing the door on issues dating back to the.

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