$4B in JPMorgan Consumer Relief Will Rankle Investors The consumer relief portion of JPMorgan’s $13 billion settlement is likely to come under criticism for the way it has been structured.
JP Morgan just finalized a $13 billion settlement with the Justice Department over investigations into toxic mortgage investments that helped start the financial crisis. Everything you wanted to know about money but were too polite to ask.
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Everything You Need to Know About JPMorgan’s $13 Billion Settlement. washingtonpost.com | October 22, 2013. By Neil Irwin. JPMorgan Chase is nearing a $13 billion civil settlement with the Justice Department for its mortgage lending practices. So what’s going on here? We’re here to help.
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· Nobody Should Shed a Tear for JP Morgan Chase Stop complaining about the mega-bank’s $13 billion settlement. They’re getting off easy.
The deal includes a $4 billion payment for consumer relief.. In a settlement deal , JPMorgan Chase has agreed to pay some $13 billion in.. "We are pleased to have concluded this extensive agreement" with the. this settlement," implying it has cash and other savings on hand to meet the requirements.
JPMorgan Chase set aside an additional .5 billion for litigation reserves, primarily because of mortgage-related matters, a 373% increase over the 8 million set aside in the fourth quarter. Wells.
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