JPMorgan Chase & Co (NYSE:JPM) is facing demands that it pay $6 billion to the U.S. government in order to settle allegations relating to the 2008 financial crisis. According to a Financial Times piece on the settlement, the investment bank is resisting the demands.
The settlement would be one of the single biggest payments in cases relating to the financial crisis. JPMorgan Chase & Co (NYSE:JPM) is suffering under the weight of several investigations from regulators. The multiple cases have been depressing the company’s stock in recent months.
JPMorgan and mortgage backed securities
The $6 billion settlement is...
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