and U.S. govt officers have agreed on phrases of a $four billion consumer reduction bundle that is to be a part of a $13 billion deal to settle the financial institution's legal responsibility to government businesses over mortgage securities, the Wall Street Journal mentioned on Monday. The $four billion component of the deal would pay for write-downs of loan loans, demolition in blighted areas and lower monthly payments for house owners, according to the record, which noted people accustomed to the subject.
JPMorgan and government set terms for $4 billion piece of $13 billion deal: WSJ
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