December 20, 2014
NEW YORK (AP) - JPMorgan Chase & Co. says it has reached a $4.5 billion settlement with investors over mortgage-backed securities.
The settlement was announced Friday and includes 21 major institutional investors. The mortgage-backed securities were issued by JPMorgan and Bear Stearns between 2005 and 2008. JPMorgan acquired the failing investment bank Bear Stearns in March 2008.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.