JPMorgan Chase & Co and Credit Suisse Group will together pay $400 million to settle civil charges that they misled investors in residential mortgage-backed securities offerings, securities regulators said on Friday.
JPMorgan will pay $296.9 million to settle its charges while Credit Suisse will pay $120 million, the Securities and Exchange Commission said.
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Both agreed to settle without admitting or denying the charges.
(Reporting By Aruna Viswanatha and Sarah N. Lynch; Editing by Gerald E. McCormick)