Nation | Business

JPMorgan, Feds Finalize Record $13 Billion Mortgage Settlement

NPR | Nov. 19, 2013 2:54 p.m.

Contributed By:

Jim Zarroli, Robert Siegel

A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street’s largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.

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