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JPMorgan Chase & Co In Talks To Settle Government Probes For $11 Billion-Reuters

Wednesday, 25 Sep 2013 08:01pm EDT 

Reuters reported that JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion. The sum could include $7 billion in cash and $4 billion for consumers. The talks are fluid and the $11 billion amount could change. The discussions include the U.S. Department of Justice, the Securities and Exchange Commission, the U.S. Department of Housing and Urban Development and the New York State Attorney General. 

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