JPMorgan's $13 Billion Accord: What's Next?

Your next video will start in

Recommended Videos

  • Info

  • Comments


Oct. 21 (Bloomberg) -- JPMorgan is preparing to pay $13 billion to end U.S. civil probes of its mortgage-bond sales, an amount that ranks among the largest settlements by a single company and dwarfs fines previously imposed by the Justice Department. Su Keenan reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)


It is not final, and they say the devil is in the details, which we have yet to see.

Potentially, prehistoric settlement would be the biggest since jamie dimon personally negotiated dealing with the two banks it bought, bear stearns and washington mutual, and the mortgage backed securities.

At one point today, the stock was actually higher.

They say the bank may weather the storm as it did in the financial crisis, but this amounts to half of the bank profit last year.

What are the risks for the bank and for jamie dimon?

Eight different issues with the federal regulators, according to those close to the situation.

Has ceo jamie diamond set aside enough?

Other agencies can initiate probes.

We are in a new air of big brother banking, where they decide who to punish, how much, and you are going to pay.

In other words, he says no bank is safe.

The banks, what are they going to be most impacted?

At bank of america, we were told there is more liability than most realize.

There were the banks bought by jpmorgan, but one question is the housing regulator already seeking $6 billion from bank of america.

Thank you so much.

Moving to one commodity that has some investors moving to the exit, natural gas.

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


BTV Channel Finder


ZIP is required for U.S. locations

Bloomberg Television in   change