http://www.reuters.com/article/2015/05/05/us-jpmorgan-forex-settlement-idUSKBN0NQ2A820150505
JPMorgan Chase & Co (JPM.N)
said on Tuesday it is in "advanced stages" of settlement talks with the
U.S. Department of Justice and Federal Reserve over previously
disclosed investigations into its foreign exchange trading.
The company gave the
description of the talks in a quarterly filing with the U.S. Securities
and Exchange Commission on Tuesday. A Justice spokesman acknowledged
that the department has an "active, ongoing investigation," but declined
to comment further.
JPMorgan
also estimated its "reasonably possible" legal expenses, in excess of
its litigation reserves, at $5.5 billion as of the end of March, down
from $5.8 billion at the end of December.
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