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Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan for Misleading Investors About Securities Containing Toxic Mortgages *CORRECTION: The release below previously stated that New York is receiving $613.8 million in this settlement, however, the number is $613.0 million.
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The $13 billion JPMorgan settlement amount is only about half of its record 2012 net income of $21.3 billion, or $5.20 a share, which made it one of the most profitable U.S. banks last year.
The Justice Department and JP Morgan Chase have reportedly come to a record $13 billion settlement, including $4 billion for "consumer relief." Here’s what you need to know. 1. It’s the result.
A.G. Schneiderman-led State & Federal Working Group Announces $13 Billion Settlement With JPMorgan Chase. of a state and federal working group he co-chairs in announcing a $13 billion settlement with JPMorgan Chase.. of this historic settlement demonstrates the kind of leadership we need.
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JPMorgan Chase & Co. agreed to a $13 billion settlement over faulty mortgage securities with the Justice Department on Tuesday, though it did not admit any wrongdoing.. Everything You Need To.
Overall, only $2 billion of the total $13 billion settlement will hit JPMorgan’s after-tax earnings. The deal leaves open all criminal investigations against JPMorgan and its employees.
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