JPMorgan, Credit Suisse to pay $400 mln to settle SEC case
WASHINGTON (Reuters) - JPMorgan Chase & Co (JPM.N) and Credit Suisse Group (CSGN.VX) 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.
(Reporting By Aruna Viswanatha and Sarah N. Lynch; Editing by Gerald E. McCormick)
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A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities. Full Article