The Day After the Election, Fiscal Cliff Looms; ING Plans Layoffs; Dexia Gets Bailed Out…Again

Breaking News This Morning

Settlement: As speculated, JPMorgan Chase has reached a settlement with the Securities and Exchange Commission related to Bear Stearns' mortgage backed securities sales practices, Bloomberg reports. Details on the terms of the settlement are scarce, but JPMorgan did say in the filing "the agreement in principle is subject to approval by the SEC, as well as court approval." Receiving Wide Coverage ... …

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