HALISTER: JPMorgan to Get $645m in Cash From Wamu Receivership

JPMorgan to Get $645m in Cash From Wamu Receivership

(Bloomberg) -- JPMorgan to release claims including $1b related to Washington Mutual Bank transaction as part of pact to resolve disputes with FDIC on some liabilities.
  • Covers disputes with FDIC, Deutsche Bank unit
  • Remains subject to certain judicial approvals
  • NOTE: Aug. 3, JPMorgan Says It’s Close to Resolving Wamu Litigation W/ FDIC
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)
WAMUQ US (Washington Mutual Inc)

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