JPMorgan, DOJ reportedly wrangle over parts of $13B settlement

The tentative settlement between JPMorgan Chase and the Department of Justice is in danger of falling apart, as the two sides have reached impasses over whether the bank should be protected from future criminal charges and whether the Federal Deposit Insurance Corp. should pay a portion of the settlement, according to sources familiar with the matter. The two sides have yet to resolve the issue of whether JPMorgan is responsible for losses on mortgage securities issued by Washington Mutual, a bank that JPMorgan acquired in 2008.

View Full Article in:

Washington Post (tiered subscription model), The · Reuters

Published in Brief: