Your comments on ...

JPMorgan to pay record $13 bln to settle US probes

People walk by JP Morgan Chase & Company headquarters in New York, August 14, 2013.Banking giant JPMorgan Chase has reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities, US media reported. Citing sources familiar with the decision, The Wall Street Journal newspaper reported in its online edition Saturday that the deal was hashed out during a phone call Friday with US Attorney General Eric Holder, his deputy Tony West and JPMorgan's top lawyer Stephen Cutler.