• published: 22 Feb 2014
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Best Finance Videos - Nov. 19 (Bloomberg) -- JPMorgan Chase Co. reached a 13 billion deal with the U.S. Justice Department that ends probes into the banks sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government. Phil Mattingly reports on Bloomberg Televisions Money Moves. (Source: Bloomberg) -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Televisions Money Moves finds insights on alternative investments sourced from experts in hedge funds, private equity, venture capital, angel investing and real estate. With interviews and live reporting, host Deirdre Bolton broadcasts daily at 1pm ET/10am PT from Bloombergs headquarters in New York, Money Moves covers the gamut of alternative investments, including finance strategies, venture capital deals, insider trading, hedge funds, real estate opportunities, portfolio management, diversification, auctions, and startup seed funding. Recent Money Moves interviews include Blackstone CEO Steven Schwarzman, actress/entrepreneur Jessica Alba, Thrillist Media Group co-founder Ben Lerer, model Kate Upton, and real estate investor Larry Silverstein. For a complete compilation of Money Moves videos, visit: http://www.bloomberg.com/video/money-... Watch Money Moves on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets. - Bloomberg TvNov. 19 (Bloomberg) -- JPMorgan Chase Co. reached a 13 billion deal with the U.S. Justice Department that ends probes into the banks sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government. Phil Mattingly reports on Bloomberg Televisions Money Moves. (Source: Bloomberg) -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Televisions Money Moves finds insights on alternative investments sourced from experts in hedge funds, private equity, venture capital, angel investing and real estate. With interviews and live reporting, host Deirdre Bolton broadcasts daily at 1pm ET/10am PT from Bloombergs headquarters in New York, Money Moves covers the gamut of alternative investments, including finance strategies, venture capital deals, insider trading, hedge funds, real estate opportunities, portfolio management, diversification, auctions, and startup seed funding. Recent Money Moves interviews include Blackstone CEO Steven Schwarzman, actress/entrepreneur Jessica Alba, Thrillist Media Group co-founder Ben Lerer, model Kate Upton, and real estate investor Larry Silverstein. For a complete compilation of Money Moves videos, visit: http://www.bloomberg.com/video/money-... Watch Money Moves on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.JP Morgan has reached a 5.1bn (3.2bn) settlement with the US Federal Housing Finance Agency (FHFA) over charges it misled mortgage giants Fannie Mae and Freddie Mac during the housing boom. A separate settlement with the US Justice Department is expected to be announced soon. This is a significant step to address outstanding mortgage-related issues, the FHFA said in a statement. It is the biggest settlement ever by a US bank. In a statement JP Morgan said the settlement resolves the biggest case against the firm relating to mortgage-backed securities. The bank added that the agreement relates to approximately 33.8 billion of securities purchased by Fannie Mae and Freddie Mac from JP Morgan, Bear Stearns and Washington Mutual from 2005 - 2007. JP Morgan purchased Bear Stearns and Washington Mutual at the height of the financial crisis of 2008-2009, and has tried to argue that it should not be punished for mistakes made before those deals. As part of the agreement with the FHFA, the bank will pay 4bn to Fannie Mae and Freddie Mac to settle claims that it violated US securities law. It will pay the agencies an additional 1.1bn for misrepresenting the quality of single-family mortgages.