Tax breaks could soften blow of JPMorgan deal

Alan Feld, School of Law

JPMorgan Chase has struck a tentative deal with the Justice Department to pay a record $13 billion over dodgy mortgage products — but the biggest U.S. bank may be able to slash that bill by paying Uncle Sam less in taxes…

Expert quote:

“These are big numbers. I’m not sure that I as a taxpayer am so happy about helping JPMorgan to pay.”

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