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JPMorgan, government finalizes deal

November 20, 2013
By MARCY GORDON , THE ASSOCIATED PRESS

WASHINGTON - JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.

 
 

 

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