JPMorgan Chase (JPM) abandons its demand for a $1.4B refund in exchange for a bigger upfront...

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

JPMorgan Chase (JPM) abandons its demand for a $1.4B refund in exchange for a bigger upfront share of a Washington Mutual (WAMUQ.PK) bankruptcy settlement, hoping the concession may break a stalemate with WaMu bondholders and the FDIC.