JPMorgan, Credit Suisse paying total $417M to settle SEC charges on sales of mortgage bonds

  • Article by: MARCY GORDON , Associated Press
  • Updated: November 16, 2012 - 2:33 PM

WASHINGTON - JPMorgan Chase and Credit Suisse have agreed to pay a combined $417 million to settle federal civil charges that they sold risky mortgage bonds to investors ahead of the 2008 financial crisis that the banks knew could fail.

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