JPMorgan Faces $5.75 Billion Claim From Investors Over MBS

Mani

Published onOctober 23, 2013

Updated on May 13, 2021

JPMorgan Chase & Co. (NYSE:JPM) is in settlement talks with mortgage-backed securities bonds buyers for a $5.75 billion claim.

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Dan Fitzpatrick and Julie Steinberg of The Wall Street Journal report the investor group includes asset managers BlackRock Inc. (NYSE:BLK) and Neuberger Berman Group LLC. Earlier, the group received $8.5 billion from Bank of America Corp towards settlement of similar claims.

JPMorgan’s recent settlement

Recently, JPMorgan Chase &...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

JPMorgan Faces $5.75 Billion Claim From Investors Over MBS

JPMorgan’s recent settlement

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