JPMorgan faces criminal probe over mortgage bonds

NEW YORK • JPMorgan is facing a federal criminal probe by the U.S. Department of Justice relating to mortgage-backed securities sold by the bank and its subsidiaries in the run-up to the financial crisis. The New York-based bank said it is responding to parallel investigations being carried out by the Civil and Criminal Division of the U.S. Attorney’s office for the Eastern District of California. JPMorgan said it received notice in May that the office’s civil division had concluded that the ban...

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