JPMorgan to Receive $645 Million in Deal to End WaMu Dispute

  • Lender announces settlement agreement with Deutsche Bank, FDIC
  • $6 billion in mortgage-backed securities were focus of suit

JPMorgan Chase & Co., the biggest U.S. bank, will be paid $645 million from a receivership estate to end a dispute over who was responsible for toxic securities created by a failed bank acquired during the financial crisis.

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