That set off a collapse in the market for subprime mortgage securities, a crisis that nearly brought down the financial system. (valueinsured.com)
The office, the people said, initially planned to sue JPMorgan as soon as Tuesday over accusations that the bank flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. (cnbc.com)
In that case, led by the civil division of the United States attorney's office for the Eastern District of California, prosecutors found that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. (dealbook.nytimes.com)