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JPMorgan in $4.5bn mortgage settlement

Jamie Dimon

JPMorgan Chase has agreed to pay $4.5 billion to settle claims by 21 major institutional investors who lost money on mortgage-backed securities in the collapse of the U.S. housing market, the bank said in a release.

First to get paid in Forbes sale: Bono ?

Raiding The Piggy Bank

If magazine publisher Forbes is ultimately sold, a complicated investment structure means Irish rocker Bono and his partners would actually get the majority of the proceeds, Fortune reported on Saturday.