Federal and state prosecutors issued a stern warning to banks on Tuesday as enforcement officials announced a record $13 billion settlement with JPMorgan Chase & Co. over its role in the financial crisis: Investigations are ongoing.
“Without a doubt, the conduct uncovered in this investigation helped sow the seeds of the mortgage meltdown,” Attorney General Eric Holder Jr. said in a written statement. “No firm, no matter how profitable, is above the law, and the passage of time is no shield from accountability.”
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