{"id":5527,"date":"2013-11-14T00:00:00","date_gmt":"2013-11-14T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/11\/jpmorgan_and_institutional_inv"},"modified":"2022-05-04T14:35:58","modified_gmt":"2022-05-04T19:35:58","slug":"jpmorgan-and-institutional-inv","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-and-institutional-inv\/","title":{"rendered":"JPMorgan and Institutional Investors Agree to $4.5B Mortgage-Backed Securities Settlement"},"content":{"rendered":"\n

JPMorgan Chase & Co. (JPM)<\/a> says it will pay $4.5 billion to investors for losses that they sustained from mortgage-backed securities <\/a>that were purchased from the firm and its Bear Stearns Cos. during the economic crisis. The institutional investors include Allianz SE (AZSEY), BlackRock Inc. (BLK), Pacific Investment Management Group, MetLife Inc. (MET), Goldman Sachs Asset Management LP, Western Asset Management Co., and 16 of other known institutional entities. This is the same group that settled their MBS fraud case against Bank of America Corp. (BAC)<\/a> for $8.5 billion. <\/p>\n

The $4.5 billion will be given to 330 RMBS trusts\u2019 trustees over investments that were sold by the two financial institutions between 2005 and 2008. A number of the trustees, including Bank of New York Mellon Corp. (BK) still have to approve the agreement, as does a court. <\/p>\n

Still, the claims related to the Washington Mutual-sold MBS have yet to be resolved.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

JPMorgan Chase & Co. (JPM) says it will pay $4.5 billion to investors for losses that they sustained from mortgage-backed securities that were purchased from the firm and its Bear Stearns Cos. during the economic crisis. The institutional investors include Allianz SE (AZSEY), BlackRock Inc. (BLK), Pacific Investment Management Group, MetLife Inc. (MET), Goldman Sachs […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3958,3757],"tags":[],"class_list":["post-5527","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-jp-morgan-chase","category-mortgagebacked-securities"],"yoast_head":"\nJPMorgan and Institutional Investors Agree to $4.5B Mortgage-Backed Securities Settlement — Investor Lawyers Blog — November 14, 2013<\/title>\n<meta name=\"description\" content=\"JPMorgan Chase & Co. 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