Wednesday, March 05, 2025 | 08:04 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

JPMorgan, Credit Suisse to pay $400 mn to settle SEC case

Pay to settle civil charges that they misled investors in residential mortgage-backed securities offerings

Image

Reuters Washington

JPMorgan Chase & Co and Credit Suisse Group will together pay $400 million to settle civil charges that they misled investors in residential mortgage-backed securities offerings, securities regulators said on Friday.

JPMorgan will pay $296.9 million to settle its charges while Credit Suisse will pay $120 million, the Securities and Exchange Commission said.

Both agreed to settle without admitting or denying the charges.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 17 2012 | 12:09 AM IST

Explore News