Relevant:
- Jamie Dimon Admits Mortgages Are An "Unmitigated Disaster"
- Dimon Says Mortgage Clash Swells as ‘Everybody Is Going to Sue'
- Bank of America takes $4 billion litigation hit; Settles With AIG
- U.S. housing regulators seek over $6 billion from BofA: FT
- JPMorgan to pay Lehman $797.5 million to end litigation over collapse
2011-07-15 — bloomberg.com
"Mortgage losses and litigation costs continue to weigh on JPMorgan's earnings. The company, the second-largest U.S. bank by assets, added $1.27 billion to its litigation reserves, mostly for mortgage-related issues, and took a $1 billion charge in the second quarter to clean up some of its outstanding foreclosure matters."
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