Economy

AP source: Stumbling block cited in JPMorgan talks

By Associated Press, Pete Yost
Published October 29, 2013 4:00am ET
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AP source: Stumbling block cited in JPMorgan talks
A person briefed on discussions between the Justice Department and JPMorgan Chase & Co. says negotiations between the government and the bank have hit a stumbling block that has put the talks at risk. (AP Photo/Seth Wenig) | Seth Wenig

WASHINGTON — A person briefed on discussions between the Justice Department and JPMorgan Chase & Co. says negotiations between the government and the bank have hit a stumbling block that has put the talks at risk.

A week and a half ago, JPMorgan tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis.

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Associated Press Department of Justice Finance JPMorgan