Auction of JPMorgan's P-E business hits an impasse

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

The sale of JP Morgan's (JPM) private-equity business has stalled, Reuters reports, adding that a possible reason is that the bank increased its asking price by too much.

JPMorgan put One Equity Partners on the market in November; it's portfolio is valued at over $4B.

Meanwhile, whistleblower Keith Edwards will receive $63.9M for information he provided that led to the bank paying a fine of $614M to settle charges that it defrauded the government into insuring flawed home loans.