JPMorgan agrees to pay US$13 billion for actions linked to financial crisis

JPMorgan Chase said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay US$13 billion to settle related charges with the US government, federal officials said on Tuesday.

via Business feed http://www.scmp.com/business/banking-finance/article/1360961/jpmorgan-agrees-pay-us13-billion-actions-linked-financial