Exclusive: JPMorgan's Proposed $4.5 Billion Deal To Be Accepted For Most Trusts- Source

Now watching

Next video starts in : 7 Play

Exclusive: JPMorgan's Proposed $4.5 Billion Deal To Be Accepted For Most Trusts- Source

Exclusive: JPMorgan's Proposed $4.5 Billion Deal To Be Accepted For Most Trusts- Source
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Exclusive: JPMorgan's Proposed $4.5 Billion Deal To Be Accepted For Most Trusts- Source

by Wochit 0:42 mins

4,400 views

Exclusive: JPMorgan's Proposed $4.5 Billion Deal To Be Accepted For Most Trusts- Source

by Wochit 0:42 mins

4,400 views

According to a person familiar with the matter, trustees representing investors in JPMorgan Chase & Co's $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank's proposal for the vast majority of their trusts. The person said, the seven trustees overseeing the securities will accept the deal for all but perhaps two dozen of the 330 trusts included in the offer. An expert for the trustees, Daniel Fischel, said in a July 17 report that before a trustee rejects the proposed settlement for any trust, the trustee should be confident that there's a group willing to pursue claims.

Wochit

Must Watch

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:09

    Meghan Trainor - Tune in 3/4 for Meghan Trainor live in concert!

  3. 2:41

  4. 1:49

    Wu-Tang album to drop in 88 years?!

  5. 2:47

    The Color of The Dress According to Science

Community

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:05

    Community 501 - Season 5: Super Seniors

  3. 2:30

    Community 401 - Season 4: Senior Year

  4. 3:05

    Community 301 - Season 3: Junior Year

  5. 2:56

    Community 201 - Season 2: Sophomore Year

  6. 3:02

    Community 101 - Season 1: Freshman Year