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JP Morgan, Department Of Justice, Near Record Settlement
ResumeJP Morgan Chase, the country's largest bank, has reached a tentative $13 billion settlement with the Department of Justice, according to several media outlets, including the Associated Press, Bloomberg News and The Wall Street Journal.
This would be a record-size deal, likely requiring the bank to participate in any future criminal investigations of individuals tied to unethical banking practices.
Guest
- Cardiff Garcia, reporter for the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.
This segment aired on October 21, 2013.