RENEE MONTAGNE, HOST: NPR's business news starts with settling suits for big money.</s>RENEE MONTAGNE, HOST: U.S. authorities are pressing JPMorgan Chase to settle lawsuits over bonds backed by subprime mortgages. And the Federal Housing Finance Agency is looking in the range of $6 billion to settle those suits.</s>RENEE MONTAGNE, HOST: JPMorgan Chase is still negotiating with the government. But here's another eye-popping number: The bank has spent about five billion for legal costs in each of the past two years.
U.S. authorities are pressing JPMorgan Chase to settle lawsuits over bonds backed by subprime mortgages, according to a report. The Federal Housing Finance Agency is looking in the range of $6 billion to settle those suits.