NDTV Profit

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

EMAIL
COMMENTS
Washington:

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.

Copyright @ Thomson Reuters 2012



ALSO READ How A Donald Trump Vs Hillary Clinton Debate is Rattling The Sensex

Advertisement

Advertisement

GAINERS / LOSERS

Advertisement