JP Morgan 'may pay record $13bn fine' [1]

 

BBC News - 10/20/13

A tentative deal with senior US Justice Department officials is believed to have been reached, as Lisa Hampele reports

 

US banking giant JP Morgan is set for a record $13bn (£8bn) fine to settle investigations into its mortgage-backed securities, US media reports have said.

 

A tentative deal is believed to have been reached in talks with senior US Justice Department officials.

 

More: BBC.co.uk [2]