Whether the settlement hits $11 billion or not, talks are in the works to bring something into fruition to resolve the government's lingering mortgage securities issues with JPMorgan Chase (JPM). The bank's CEO Jamie Dimon arrived at the Justice Department Thursday as talks of a settlement intensified. Per The Wall Street Journal:
Mr. Dimon arrived at the Justice Department building around 9:20 a.m. to meet with Attorney General Eric Holder, according to a person familiar with the meeting. Mr. Dimon and Mr. Holder are meeting face-to-face to discuss terms of a potential deal, according this person. Like all visitors to the building, Mr. Dimon showed identification to the guards—in his case a New York State driver's license—and proceeded inside.