Your English writing platform
Discover LudwigExact(10)
JP Morgan is currently in talks with the US government over a potentially huge settlement relating to the sale of mortgage-related investment products in the run-up to the financial crisis.
It blamed lower oil prices, a change in the timing of contracts and a settlement relating to a Shetland project.
The latest settlement relating to mortgage-backed securities follows a fine of more than $900m from a number of authorities over last year's London Whale trading incident, which Dimon had originally attempted to brush aside as "tempest in a teapot".
In a statement, Lord McAlpine's legal representative said: "Lord McAlpine welcomes George Monbiot's statement and settlement relating to his defamatory tweets and is pleased to have reached a settlement whereby a number of charities will benefit from these defamatory actions.
UBS said the settlement, relating to securities sold between 2004 and 2007, was "subject to documentation and final approvals by the parties", but added the full cost would be covered by provisions made in the second quarter and previously.
HM Revenue & Customs HMRCC) has insisted it will appeal against a high court decision to award Sir David and Sir Frederick Barclay's Littlewoods catalogue shopping business £1.2bn in a top-up settlement relating to a long-running legacy VAT dispute.
Similar(50)
Earlier this year, Bank of America and four other banks agreed to a $26 billion settlement related to their foreclosure practices.
Barclays said it remained in discussions with the US Department of Justice over a settlement related to mortgage bond mis-selling.
Safeway said the settlement relates to its claim for refunds in 1992 through 1999 for costs associated with debt financing.
This quarter's earnings included a charge of 7 cents a share for a settlement related to pilots' pensions.
It was unclear how much of the latest settlement related to Wachovia, which Wells Fargo bought at the end of 2008.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com