JPMorgan close to US$6b agreement with investors

JPMorgan Chase is nearing an agreement worth close to US$6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.

via Business feed http://www.scmp.com/business/banking-finance/article/1338209/jpmorgan-close-us6b-agreement-investors