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    J.P. Morgan Reaches $5.1 Billion Settlement

    NEW YORK, NY - OCTOBER 02:  People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan on October 2, 2012 in New York City. New York Attorney General Eric Schneiderman has filed a civil lawsuit against JPMorgan Chase alleging widespread fraud in the way that mortgages were packaged and sold to investors in the days that lead-up to the financial crisis. The allegations, which were filed in New York State Supreme Court, concern business that transpired during 2006 and 2007 at a now-defunct Bear Stearns, the failed Wall Street firm which was purchased in 2008 by JPMorgan Chase.  (Photo by Spencer Platt/Getty Images)

    Spencer Platt/Getty

    J.P. Morgan's settlement crisis is finally over and Jamie Dimon and company have come out in better-than-expected shape. The Federal Housing Finance Agency announced on Friday that it reached a settlement with J.P. Morgan Chase, in which the bank will pay Freddie Mac $2.74 billion and Fannie Mae $1.26 billion to resolve "claims related to securities sold to the companies between 2005 and 2007," according to a press release. It was previously reported that J.P. Morgan would have to pay close to $6 billion.

    Read it at Business Insider