What is expected to be a 13 billion dollars agreement with the government over the banks rollout over the housing meltdown. Patricia sabga joins us now. A lot of people wondering and waiting over what is going to happen to jpmorgan. Mor than half of jpmorgans total profits last year, and would be the largest agreement the u. S. Government has reached with a single company. Jpmorgan would pay a 2 billion dollars fine to settle the investigation that it mislead investors, and 7 billion dollars is compensation to investors. 4 billion dollars is reported earmarked for consumer relief. That including reducing mortgage payments and issuing but loans to borrower with low to moderate incomes. Some of the money may also be used to combat blight in areas ravaged over behousing crisis. I dont think that fines resinate with individual people kind of main stream consumers. I have heard over and over the refrain of i want to see somebody in handcuffs. So i think from a retribution sense i dont think
Illinois insurance industry has weathered troubles in the market over the past several years, but has managed to continue providing service to the state's r
Ed Burke on his Irish exit politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
The Illinois Insurance Department filed suit against units of Hartford Financial Services Group Inc. and Munich Re on Monday seeking recovery of $3.98 million stolen in a phishing scheme.