Wednesday, October 2, 2013

JPMorgan insider helps Justice Department in probe: WSJ | Reuters



(Reuters) - An insider at JPMorgan Chase & Co (JPM.N) has supplied a large amount of information related to the sale of mortgage securities to the U.S. Justice Department, which is using the documents to pursue possible criminal charges against the bank, the Wall Street Journal reported citing people familiar with the matter.
The cooperating person has provided information including emails suggesting that JPMorgan vastly overstated the quality of mortgages that it packaged into securities and sold to investors before the financial crisis, the newspaper quoted the sources.



JPMorgan insider helps Justice Department in probe: WSJ | Reuters

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