Quantcast
Channel: Compliance Complete North America
Viewing all articles
Browse latest Browse all 13886

JPMorgan CEO Dimon says government cases were "unfair"

$
0
0
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13 billion, were "unfair". Dimon, speaking on CNBC in a pre-recorded interview from Davos, Switzerland, said most of the government claims against the company were for dealings that took place at companies before JPMorgan bought them in the financial crisis. "I think a lot of it was unfair, but I am not going to go into the details," Dimon said in the television interview. JPMorgan agreed last year to pay $13 billion to settle multiple government claims over dealings in mortgage securities at JPMorgan and at two banks it took over during the crisis, Bear Stearns and Washington Mutual. In that settlement in November, the Justice Department said that JPMorgan acknowledged it had regularly and knowingly sold mortgages to investors that should have never been sold. A statement of facts in the settlement

Viewing all articles
Browse latest Browse all 13886

Trending Articles