NEW YORK: The US Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis.
The New York-based bank said in a regulatory filing that it is responding to investigations by the civil and criminal divisions of the US Attorney's office for the Eastern District of California. In May, the civil division informed JPMorgan that it had "preliminarily concluded" that the bank had violated federal securities laws in connection with certain mortgage-backed investments it sold from 2005 to 2007.
A JPMorgan spokeswoman declined to comment.
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