JPMorgan Reaches $4 Billion Deal With U.S. Housing Agency: WSJ
NEW YORK (Reuters) – JPMorgan Chase & Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold to them during the housing boom, the Wall Street Journal reported on its website on Friday. The deal is for less than the $6 billion the agency initially sought, the Journal said, citing people close to the discussions. A spokesman for JPMorgan was not immediately available for comment. (Reporting by David Henry in New York; Editing by Gary Hill)
“JPMorgan Reaches $4 Billion Deal With U.S. Housing Agency: WSJ” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.