HALL OF SHAME. “JP Morgan has agreed to pay $4.5bn (£2.8bn) to investors who lost money on mortgage-related securities during the financial crisis. The settlement is with 21 major institutional investors. Mortgage-related investments were a major factor in the crisis, which began in 2007 with the collapse of the US housing market. Last month JP Morgan agreed a separate, preliminary $13bn deal with the US government over mortgage securities.””
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http://lnkd.in/d_CYjjy
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022