JP Morgan may face record $13bn fine - US media

Name: JP Morgan may face record $13bn fine - US media
Uploaded: 2013-10-20T11:48:55.000Z
Duration: 1 min 18 s
Description: US banking giant JP Morgan is set for a record $13bn (£8bn) fine to settle investigations into its mortgage-backed securities, according to US media reports.

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US banking giant JP Morgan is set for a record $13bn (£8bn) fine to settle investigations into its mortgage-backed securities, according to US media reports.

A tentative deal is believed to have been reached in talks with senior US Justice Department officials.

Lisa Hampele reports.

Business

20 October 2013