JPMorgan Faces $5.75 Billion Claim From Investors Over MBS

JPMorgan Chase & Co. (NYSE:JPM) is in settlement talks with mortgage-backed securities bonds buyers for a $5.75 billion claim. Dan Fitzpatrick and Julie Steinberg of The Wall Street Journal report the investor group includes asset managers BlackRock Inc. (NYSE:BLK) and Neuberger Berman Group LLC. Earlier, the group received $8.5 billion from Bank of America Corp towards settlement of similar claims. JPMorgan’s recent settlement Recently, JPMorgan Chase & Co. (NYSE:JPM) reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities. If the amount is confirmed, it would be the…