real-time news and commentary for investors
Thursday, Sep 26
Dimon heads into meeting with Holder
- Jamie Dimon has arrived at DOJ headquarters in D.C. for a meeting with Attorney General Eric Holder amid rumors of an $11B global settlement for past mortgage-related abuses at JPMorgan (JPM +0.8%).
- The DOJ has at least 7 ongoing probes underway against the bank.
- A sticking point of talks is not just the dollar amount, but also whether the bank is willing to admit wrongdoing in exchange for the dropping of criminal charges, reports the WSJ.