The New York Post reports that CEO Jamie Dimon has become vexed that Attorney General Eric Holder and his regulators won’t guarantee that in return for paying at least $11bn, that federal and state regulators won’t come back for more, sources said.
This stand-off has delayed the deal, which was expected to be inked last week.
The $11bn deal would be the biggest settlement by a single company.
So far, Holder refuses to give that guarantee.
At the same time, the banking giant continues to balk at the government’s push for an admission of wrongdoing, which has been a major sticking point in the talks from the start as it would open the bank to more liability.
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