JPMorgan Chase and federal govermental officials have finalized a $13 billion settlement, which is the largest settlement with the goverment on record, The Wall Street Journal reports. The settlement resolves much of the legal liability JPMorgan faces for its role, or the role played by companies it bought up, in the economic crisis after mortgage-backed securities went south despite promises of their strength as an investment vehicle. Part of the settlement includes $4 billion in aid for distressed homeowners, the WSJ also reports.
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