It's likely that JPMorgan has made a deal with the government to end federal probes of its mortgage-bond sales. The deal would involve JP paying $4 billion in relief for unspecified consumers and $9 billion in payments and fines. But, most importantly, the government would not release the bank from potential criminal liability.
Also, the bank still has other legal worries. Its hiring practices in Asia are being investigated while the Manhattan U.S. Attorney Preet Bharara it looking into JP's connection with Bernie Madoff.
It has not been a good month for JP.
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