Dimon Says Mortgage Clash Swells as ‘Everybody Is Going to Sue'

JPMorgan's additional litigation reserve may help cover "fees and assessments related to foreclosure delays and payments for other settlements," including probes by the U.S. Department of Justice and the state attorneys general, the bank said. Litigation reserves also cover projected costs tied to so- called private-label mortgage bonds that may have contained faulty loans, the lender said. ''