JP Morgan in record $13bn settlement with US regulators [View all]

[muriel_volestrangler]

Source: BBC

US bank JP Morgan has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis.

It is the largest settlement ever between the US government and a corporation.

About $4bn of the settlement is to go to homeowners hurt by JP Morgan's practices.
...
After the relief given to homeowners, $9bn will be paid to settle federal and state civil claims relating to misleading mortgage securities sold by the bank.

Read more: http://www.bbc.co.uk/news/business-25009683

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I doubt it will stop them doing it again, if they can. As of this moment, their share price is up 1% today, so the market feeling is they've got away with it.