How significant is a $13 billion fine for JPMorgan?
JPMorgan's $13 Billion Settlement With U.S. Government
Will JPMorgan's settlement set incentives for better banking
The Justice Department announced that JPMorgan Chase agreed to pay $13 billion to settle investigations into its business practices pertaining to mortgage-backed securities. Of that amount, $9 billion was penalties and fines and the remaining $4 billion was consumer relief. This was the largest corporate settlement to date.
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