Wall Street Analyst on Reported JP Morgan $13 Billion Deal with DOJ

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Published 20 Oct 2013
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Mike Mayo, senior research analyst for banks at CLSA, says the tentative agreement JP Morgan has struck wit...
Mike Mayo, senior research analyst for banks at CLSA, says the tentative agreement JP Morgan has struck with the Department of Justice to a pay a record $13 billion fine over faulty mortgage securities the bank sold to investors would be a "watershed event" in the banking industry.
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