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MercoPress, en Español

Montevideo, May 2nd 2024 - 11:50 UTC

Tag: Bear Stearns

  • Wednesday, November 20th 2013 - 04:38 UTC

    JP Morgan agrees to pay record 13bn settlement for misleading investors

    “The conduct uncovered in this investigation helped sow the seeds of the mortgage meltdown” said Attorney General Eric Holder

    US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate US laws.