JPMorgan's Dimon, Justice Department discuss huge deal
World BusinessSept 27, 2013
JPMorgan Chase chief Jamie Dimon held talks with the U.S. attorney general Thursday on a possible deal to settle a slew of alleged banking violations, with fines possibly hitting $11 billion.U.S. Attorney General Eric Holder confirmed the meeting but gave no details, amid intense negotiations mainly focused on the bank’s marketing of dubious mortgage-backed securities ahead of the financial crisis.But Holder told journalists that dealing with banking misbehavior was one of his priorities.“This i