From Reuters:
(Reuters) – JPMorgan Chase & Co (JPM.N) is in “advanced discussions” with the U.S. Securities and Exchange Commission to resolve a probe into its role in selling certain collateralized debt obligations, the bank said.
The bank made the statement in a quarterly filing with the SEC on Friday.
JPMorgan, the second-largest U.S. bank, previously said it had received “a number of subpoenas and informal requests” from federal and state authorities over CDOs and mortgage-backed securities.
(Reporting by David Henry; editing by John Wallace)
