JPMorgan CEO Dimon Seeks Settlement With AG Holder

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Sept. 26 (Bloomberg) -- Bloomberg News’ Phil Mattingly reports that JPMorgan CEO Jamie Dimon has arrived at the Justice Department where he is set to meet with Attorney General Eric Holder on what could potentially be an $11 billion settlement on multiple mortgage bond investigations. He speaks on Bloomberg Television’s “In The Loop.”

This meeting related to a settlement on mortgages.

What are we talking about?

We just watched jamie dimon -- walk into the justice department.

He has a meeting with the attorney general this morning related to the settlement talks.

There is something to keep in mind.

Settlement talks are not done.

This is a discussion between the attorney general and jamie dimon that is centered around keeping the talks going then in reaching a settlement.

There will be a nothing announced today that we know of.

We knew the settlement talks were heating up.

We knew they were going fast and furious between government and negotiators.

This is the next step.

If you need any more evidence, this obviously shows that right now.

Let's talk about the potential size.

We have heard figures as high as $11 billion.

Initially the banks, the bank was looking at somewhere between 3 million and $4 million to wrap up multiple probes.

You know the attorney general himself -- we know the attorney general himself off the number was way too low and rejected that and wanted government officials to start shooting numbers back and forth.

The latest numbers we have heard is 11 billion.

This includes federal and state probes.

We have the new york attorney general eric schneiderman involved.

Part of the federal task for spare working with.

We are cautioned by multiple people involved in the process that the numbers are very fluid and a very move it talking --

This text has been automatically generated. It may not be 100% accurate.


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