Tuesday, June 24, 2014

Exclusive - U.S. using JPMorgan penalty to speed cases against other banks

WASHINGTON/NEW YORK (Reuters) - The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possibly including Bank of America Corp and Citigroup, according to people familiar with the matter.

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