JP Morgan has reportedly agreed a tentative $13bn settlement with the US Justice Department, which does not release the bank from criminal liability

JPMorgan Chase & Co has reached a tentative $13bn deal with the US Justice Department to settle a range of mortgage issues, according to reports. The tentative deal does not release the bank from criminal liability, a factor that had been a major sticking point in the discussions, a source told Reuters. As part of the deal, which is still being finalised, the bank will continue to cooperate in criminal inquiries into certain individuals involved in the conduct at issue, the source said, who declined to be identified. Officials at JPMorgan and the Justice Department declined to comment. A breakthrough in the weeks-long talks came Friday night, after Attorney General Eric Holder and JPMorgan Chief Executive Jamie Dimon spoke on the phone and the bank agreed to leave criminal liability out of the settlement, the source said........Read more here