JPMorgan Chase & Co. (JPM), the largest U.S. bank by assets, said the Securities and Exchange Commission warned in January that it may bring civil claims after two investigations relating to mortgage securitizations.
One inquiry focuses on due diligence and disclosures in two securitizations by a subsidiary, the New York-based bank said today in a regulatory filing. The other probe relates to “settlements of claims against originators” involving loans included in securitizations handled by Bear Stearns Cos., which JPMorgan acquired in 2008.
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