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Everything you need to know about JPMorgan’s $13 billion settlement

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JPMorgan’s total $13 billion settlement only covers roughly one working week of QE3 investments. The $3 billion earmarked for federal coffers is barely more than one day’s worth. The 30 tickers on the dow jones (djindices:^dji) index add up to a total market value of $4.8 trillion these days.

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J.P. Morgan Chase & Co. and the Justice Department agreed to a landmark $13 billion settlement that resolves a number of legal headaches for the largest U.S. bank and ends months of wrangling.

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Indeed, some of those decisions led to Facebook raking in a shade under $13 billion in revenue for its most recent quarter, resulting in a $4.3 billion profit. We’ll fail again and again’

In 2013, JPMorgan reached a $13 billion settlement for its role in the 2008 housing crash which included packaging and selling subprime and other toxic loans. 18

The reported agreement between Goldman Sachs and federal regulators is supposed to settle the bank’s alleged misconduct in connection with the mortgage crisis. The proposed deal includes a $2.385.

Here’s everything you need to know about that settlement.. Everything You Need To Know About Volkswagen’s 3.0-Liter V6 Dieselgate Buyback And Repair.

How JPMorgan’s $13 billion fine breaks down. $2 billion – civil penalty to settle the Justice Department claims under the Financial Institutions Reform, Recovery, and Enforcement Act $1.4 billion – to settle federal and state securities claims by the National Credit Union Administration.

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