JPMorgan's $13 billion deal at risk of collapse -WSJ

Reuters

Oct 29 (Reuters) - The preliminary $13 billion deal set byJPMorgan Chase & Co CEO Jamie Dimon and U.S. AttorneyGeneral Eric Holder is at risk of falling apart, the Wall StreetJournal reported on its website on Tuesday.

The deal is at risk because of a long-running disagreementbetween the bank and the Federal Deposit Insurance Corp overlegal liabilities from JPMorgan's takeover of Washington Mutualassets and obligations during the crisis.

Dimon has been pushing for a package of settlements thatwould end multiple civil investigations by federal and stateagencies into mortgage business practices in the housing boom atthe bank.

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