Economy

JPMorgan’s $5B settlement doesn’t end its troubles

By KEN SWEETMARCY GORDON

Published October 26, 2013 4:03am ET

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JPMorgan’s $5B settlement doesn’t end its troubles — FILE - In this May, 12, 2012 file photo, Peter Castelli, a vice president with JP Morgan, works in his firm's booth on the floor of the New York Stock Exchange. JPMorgan said Friday, Oct. 25, 2013, that it has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed. (AP Photo/Richard Drew, File) | Richard Drew

WASHINGTON (AP) — The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold.

It’s merely a down payment.

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