According to Reuters, JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion.
The sum could include $7 billion in cash and $4 billion for consumers. The discussions include the U.S. Department of Justice, the Securities and Exchange Commission, the U.S. Department of Housing and Urban Development and the New York State Attorney General, the sources said.
For more information, see JPMorgan in talks to settle government probes for $11 billion: sources