Arab Today, arab today jpmorgan offers 3bn to settle justice probes
Last Updated : GMT 18:33:13
Arab Today, arab today
Arab Today, arab today

JPMorgan offers $3bn to settle Justice probes

Arab Today, arab today

Arab Today, arab today JPMorgan offers $3bn to settle Justice probes

New York - AFP

JPMorgan Chase has offered to pay about $3 billion to settle an array of pending Justice Department probes, The Wall Street Journal reported Tuesday, citing a person familiar with the discussions. The Justice Department argued JPMorgan would need to pay billions above the $3 billion offer to settle the cases, according to the person. The newspaper, citing people familiar with the matter, said that JPMorgan, the biggest US bank by assets, and the Justice Department had expanded the settlement talks to include an array of cases. It said it was unclear which of the more than half a dozen open Justice Department investigations into JPMorgan\'s conduct would be resolved by such an agreement. The talks are \"very fluid\" and an agreement \"far from certain,\" people close to the situation told the Journal. A spokesman for JPMorgan declined comment. The Department of Justice did not immediately respond to a request for comment. JPMorgan faces a range of pending civil and criminal probes, including on its sale of mortgage-backed securities before the financial crisis and its hiring of the relatives of top Chinese officials. Federal prosecutors in New York have launched criminal probes of JPMorgan\'s handling of the \"London whale\" trading debacle and its trading activity in the US electricity market. These two criminal probes would not be covered by the current deal being discussed, the Journal said. Last week, JPMorgan agreed to pay $920 million in fines to US and British regulators over the \"London whale\" debacle. The bank in July agreed to pay $410 million to settle US civil charges that it manipulated power prices in California and the Midwest.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan offers 3bn to settle justice probes Arab Today, arab today jpmorgan offers 3bn to settle justice probes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan offers 3bn to settle justice probes Arab Today, arab today jpmorgan offers 3bn to settle justice probes

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday