JPMorgan Chase & Co. execs could still be on the hook if the government decides to bring criminal charges against them, U.S. Attorney General Eric Holder noted in announcing a record $13 billion settlement of probes into the bank’s bundling of boom-era mortgages into securities sold to investors.

JPMorgan acknowledged in the settlement that it regularly misrepresented to investors in residential mortgage-backed securities that mortgages bundled into those investments complied with underwriting guidelines, Bloomberg News reports, citing a statement by New York Attorney General Eric Schneiderman. Source: bloomberg.com

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top