The American Empire in a Changing World


Saturday, November 17, 2012

''JPMorgan, Credit Suisse settle with SEC for $417 million''

just the cost of doing business............From Reuters

''JPMorgan Chase & Co (JPM.N) and Credit Suisse Group AG (CSGN.VX) will pay a combined $416.9 million to settle U.S. civil charges that they misled investors in the sale of risky mortgage bonds prior to the 2008 financial crisis, regulators said on Friday.

JPMorgan will pay $296.9 million, while Credit Suisse will pay $120 million in a separate case, with the money going to harmed investors, the U.S. Securities and Exchange Commission said.''

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