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JPMorgan Chase Claims NCUA Breached $1.4 Billion Agreement

JPMorgan Chase files a lawsuit against the NCUA for breaching a $1.4 billion settlement.

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A securities subsidiary of JPMorgan Chase is suing the NCUA for breaching a $1.4 billion settlement agreement over toxic residential mortgage-backed securities sold to five corporate credit unions leading to their collapse and billions of dollars in losses.

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Peter Strozniak

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