Business & Real Estate

November 19, 2013 3:57 PM

$13 billion JPMorgan settlement sends nearly $300 million to CalPERS, CalSTRS

The federal government on Tuesday announced its much anticipated JPMorgan Chase settlement, in which the nation’s largest bank agreed to pay $13 billion in reparations and admit that it peddled fraudulent securities. As part of the settlement, California’s two largest public employee pension funds will receive nearly $300 million

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