Tuesday, January 26, 2016

JPMorgan Pays $995 Million to Settle Ambac Lawsuits

JPMorgan Pays $995 Million to Settle Ambac Lawsuits Bloomberg JPMorgan Chase & Co. agreed to pay almost $1 billion to resolve claims by Ambac Financial Group Inc. that it was duped into insuring mortgage bonds backed by shoddy loans, clearing the way for approval of a larger settlement over similar allegations. and more »...(read more)
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