JPMorgan Chase To Pay Historic Settlement05:17
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JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, prepares to testify before the Senate Banking Committee in June 2012. (AP)
JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, prepares to testify before the Senate Banking Committee in June 2012. (AP)

Update 1:50 p.m. via Associated Press: Justice Dept and JPMorgan Chase & Co. have finalized a $13 billion deal


The Justice Department is expected to announce a landmark $13 billion settlement with JPMorgan Chase.

It would be by far the largest settlement the federal government has ever made with a single company. At issue are the bank's questionable mortgage practices leading up to the financial crisis.

Under the terms, JPMorgan will spend $4 billion to help distressed homeowners, in addition to $6 billion to compensate investors who bought mortgage-backed bonds from the bank.

NPR's Chris Arnold joins Here & Now's Jeremy Hobson to discuss the settlement.

Guest

This segment aired on November 19, 2013.

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