JPMorgan to pay $500 million in mortgage settlement

NEW YORK (Reuters) - JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises.

from Reuters: Business News http://ift.tt/1F27Dt3