JPMorgan to pay record $13 bln to settle US probes: WSJ

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Last updated: 19 October, 2013

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JPMorgan to pay record $13 bln to settle US probes: WSJ (via AFP)

US banking giant JPMorgan Chase may pay a record $13 billion fine to the Justice Department to settle investigations into its residential mortgage-backed securities business, The Wall Street Journal reported Saturday. But the still tentative deal wouldn…

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