JP Morgan agrees to $5.1bn fine
JP Morgan has reached a $5.1bn (£3.2bn) settlement with the US Federal Housing Finance Agency (FHFA) relating to charges it misled investors during the housing boom.
A separate settlement with the US Justice Department is expected to be announced in the coming days.
"This is a significant step to address outstanding mortgage-related issues," the FHFA said in a statement.
JP Morgan has been under investigation for several months by US regulators.
This is the biggest settlement so far by a US bank.
As part of the agreement with the FHFA, the bank will pay $4bn to government mortgage lenders Fannie Mae and Freddie Mac to settle claims that it violated US securities law.
It will pay the agencies an additional $1.1bn for misrepresenting the quality of single-family mortgages.
Đăng ký: Tieng Anh Vui
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