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JPMorgan Close to $6 Billion Settlement with Investors

JPMorgan Chase & Co is nearing an agreement worth close to $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. Representatives of JPMorgan and the investors met on Friday to discuss the settlement, though the two sides have not yet agreed to formal terms, the source said. The potential deal is separate from the preliminary $13 billion ...

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