JPMorgan Deal Offers Turning Point for Eric Holder
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The Justice Department’s $13 billion mortgage securities settlement with JPMorgan Chase & Co. is a record and also a rarity -- Attorney General Eric Holder’s first big win against a bank at the heart of 2008’s financial crisis.
For Holder, the part of the deal announced this week that requires the bank to pay $9 billion to resolve allegations it knowingly sold bad mortgage securities is a potential turning point after a tenure studded with controversy.