Web Sify
Follow us on

JPMorgan, Credit Suisse to pay $400 mln to settle SEC case

Source : REUTERS
Last Updated: Sat, Nov 17, 2012 04:05 hrs
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York

JPMorgan Chase & Co and Credit Suisse Group will together pay $400 million to settle civil charges that they misled investors in residential mortgage-backed securities offerings, securities regulators said on Friday.

JPMorgan will pay $296.9 million to settle its charges while Credit Suisse will pay $120 million, the Securities and Exchange Commission said.

Both agreed to settle without admitting or denying the charges.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance