U.S. investment bank JP Morgan, one of the largest investment banks in the world, has agreed to pay $4.5 billion to investors who lost money on mortgage-backed securities during the financial crisis.
The value of these securities, which produced many investment banks fell sharply, with the collapse of the U.S. housing market.
JP Morgan has reached an agreement with 21 institutional investor.
In October, the U.S. banking giant has entered into an agreement with the Federal Housing Finance Agency to pay U.S. $ 5.1 billion for misleading mortgage agencies during the housing boom.
0 comments:
Post a Comment