JPMorgan tries to resolve probes by Sept. 30
Dimon in talks with Attorney General
JPMorgan Chase (JPM) is pushing to resolve as many probes as possible before the end of the third quarter on Sept. 30. On Thursday, CEO of JPMorgan Chase Jamie Dimon met with Attorney General Eric Holder to discuss a settling legacy mortgage-backed security issues, but an agreement ahs yet to be announced. Per Reuters:
The talks are still fluid and the size of the settlement keeps changing, according to another person familiar with the matter. The people said they weren’t sure which claims may be resolved. The bank is trying to resolve as many probes as possible before the end of the third quarter on Sept. 30, according to people familiar with the bank’s thinking.
JPMorgan is seeking to negotiate a resolution to mortgage-bond investigations being conducted by federal and state authorities, including probes by U.S. attorneys in Philadelphia, Washington and Sacramento, California, according to another person briefed on the effort.