insurance-corp
JPMorgan ends WaMu disputes with FDIC, to receive $645 million
August 21, 2016 by creative · Leave a Comment
JPMorgan Chase & Co on Friday said it will receive $645 million in a settlement of litigation with the Federal Deposit Insurance Corp and Deutsche Bank AG arising from its purchase of Washington Mutual Inc's banking operations during the financial crisis in 2008. According to a regulatory filing, JPMorgan will collect the cash payment from the estate of Washington Mutual Bank, for which the FDIC acts as receiver.
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JPMorgan ends WaMu disputes with FDIC, to receive $645 million