Jp Morgan Chase & Co. · NYSE:JPM
Jp Morgan Chase & — Corporate Update (November 2013)
6 slides from Jp Morgan Chase &'s corporate update, Nov 20, 2013
Slide 1: Mortgage-Related Settlements Update
Exhibit 99.2 MO RT G AGE– REL ATE D SETT LEM ENTS UPDATE November 19, 2013
Slide 2: Executive Summary – Mortgage-Related Settlements
Executive Summary – Mortgage-Related Settlements Today, the Firm has reached a $13B global resolution with governmental parties regarding residential mortgage- backed securities (“RMBS”) matters The global settlement amount includes: $4B previously announced settlement with FHFA $4B in credit relate
Slide 3: Terms of Global Residential Mortgage-Backed Securities Settlement
Terms of Global Residential Mortgage-Backed Securities Settlement The Firm has reached a global settlement with certain Federal entities and certain members of the President’s RMBS Working Group to resolve all pending civil enforcement investigations and a significant amount of civil litigation clai
Slide 4: Gibbs & Bruns – Terms of RMBS Trustee Settlement
Gibbs & Bruns – Terms of RMBS Trustee Settlement The Firm has reached an agreement to resolve all representations and warranties and servicing claims for all JPMorgan, Chase and Bear Stearns private label RMBS trusts issued from 2005 to 2008: JPM has concluded negotiations with a group of institutio
Slide 5: Remaining Mortgage-Related Risks
Remaining Mortgage-Related Risks Criminal investigation by the DOJ – ongoing and the Firm is cooperating A narrower set of civil mortgage-related risks remains, including: Actions by monoline insurance companies Some additional class action and individual direct purchaser litigation Mortgage claims
Slide 6: Forward-looking statements
Forward-looking statements This presentation contains forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks a