DAVID GREENE, HOST: NPR's business news begins with a settlement in the making.</s>DAVID GREENE, HOST: JPMorgan Chase is negotiating an $11 billion settlement. The Wall Street Journal reports the firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.</s>DAVID GREENE, HOST: The settlement would be a major victory for the federal government, after suffering years of criticism for its failure to hold Wall Street accountable for the crash.
JP Morgan Chase is negotiating an $11 billion settlement, according to The Wall Street Journal. The firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.