J.P. Morgan Chase reached a tentative deal this weekend to pay $13 billion to end a number of civil investigations into its sale of mortgage securities before the 2008 financial crisis, but a separate and potentially more serious criminal probe into the bank and its executives will continue, the Wall Street Journal reports.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- J.P. Morgan Haunted by 2006 Decision
- J.P. Morgan to Settle SEC Case
- JPMorgan to Pay $1 Billion in Madoff Criminal Probe
- J.P. Morgan to Pay $920 Million 'Whale' Fine
- Legal Costs Push JPMorgan to Rare Loss
- J.P. Morgan Q2 Profit Falls 8.7 Percent
- Criminal Charges Not Expected in IRS Probe
- One of Wall Street's Riskiest Bets Returns