JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.
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{
"author": {
"name": "Marcy Gordon Pete Yost",
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"articles": [
{
"uri": "/2013/11/19/jpmorgan-feds-finalize-deal/",
"title": "JPMorgan, feds finalize deal",
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"prettyDate": "November 19, 2013",
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"summary": "JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.",
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