JPMorgan And Govt Set Terms For $4 Billion Piece Of $13 Billion Deal - WSJ

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JPMorgan Chase & Co (JPM.N) and U.S. government officials have agreed on terms of a $4 billion (£2.48 billion) consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, the Wall Street Journal said on Monday.

JPMorgan And Govt Set Terms For $4 Billion Piece Of $13 Billion Deal - WSJ

JPMorgan Chase & Co (JPM.N) and U.S. government officials have agreed on terms of a $4 billion (£2.48 billion) consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, the Wall Street Journal said on Monday.

The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, according to the report, which cited people familiar with the matter.

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