JPMorgan, Credit Suisse to pay $400 mln to settle SEC case
Last Updated: Sat, Nov 17, 2012 09:35 hrs
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.