The general outline of the agreement was struck late Friday in a phone call among Attorney General Eric Holder, Associate Attorney General Tony West and J.P. Morgan’s general counsel, Stephen Cutler, according to the newspaper.
The settlement has not been completed and some issues remain to be resolved, including the final wording of the agreement, the Journal said.
The deal not resolve a continuing criminal probe of the J.P. Morgan’s JPM +0.17% conduct by federal prosecutors in Sacramento, Calif., the Journal said, citing an unnamed source. read more.
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