JPMorgan settles with FDIC, Deutsche Bank in WaMu case

August 19, 2016 9:42 PM

28 0

JPMorgan settles with FDIC, Deutsche Bank in WaMu case

JPMorgan Chase & Co (JPM.N) on Friday said it has settled litigation with the FDIC and Deutsche Bank AG (DBKGn.DE) stemming from its purchase of Washington Mutual Inc's banking operations during the financial crisis.

In a regulatory filing, JPMorgan said it will be paid $645 million in cash from the estate of Washington Mutual Bank, for which the FDIC acts as receiver, and release its claims against the estate.

Read more

To category page

Loading...