Saturday, 28 September 2013

JP Morgan boss Jamie Dimon meets US regulators

Jamie Dimon


JP Morgan boss Jamie Dimon has met US regulators in a bid to resolve investigations into whether the US's largest bank misled investors.

According to the US Attorney General Eric Holder, he said  I did meet with representatives of JP Morgan but he did not disclose specific details.

JP Morgan is being investigated by several US agencies over the sale of investments which turned sour.

It is thought that any settlement could run into billions of dollars.

US media has reported that JP Morgan could agree to financial penalties of several billions of dollars to pay back investors and consumers who lost money through transactions relating to mortgage-backed securities.

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