Relevant:
- JPMorgan Reaches Tentative $13 Billion Settlement With Justice Department:
- Is JPMorgan's SEC settlement the end of subprime claims?
- Wall Street Predicts Another $50 Billion Bill to Settle U.S. Mortgage Suits
- The JPMorgan Settlement Isn't Justice
- JPMorgan says being investigated by DOJ over mortgages
2014-01-13 — cnbc.com
``The JPMorgan settlement has stepped up the pressure on other banks to strike their own separate deals in the coming months, some top bank executives say. When the JPMorgan settlement was announced, the Justice Department official who took the lead in brokering the deal, Tony West, said it could offer a model for other financial institutions being investigated in their sales of troubled mortgage investments. The government made JPMorgan a test case, knowing the nation's largest bank, facing a wide swath of legal woes, was vulnerable.''
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