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FBN’s Diane Macedo on J.P. Morgan’s payment to settle the case over foreclosure abuses.
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Good morning everyone JPMorgan Chase says it will pay nearly two billion dollars to settle a case over foreclosure abuses.
That amount includes -- 753.
Million dollar cash payment the bank will also set aside one point two billion dollars for quote.
Foreclosure prevention actions as part of that settlement the bank says it will take a fourth quarter pretax charge of 700 million dollars as result.
JPMorgan which will release its quarterly earnings next week was one of ten banks that agreed on Monday eight point five million dollars to -- an investigation into abusive foreclosure practices.
Following the financial and housing crises.
Checking futures now -- up arrows across the board Dow futures are up thirty -- -- up four and the NASDAQ sept seven.
Here's a look at commodities now we've got oil and gold both to the upside and now here's a look at the weather with meteorologist Mike listen.
Good morning time for your business travel forecast and we obviously have some problems out there.
In the same spots we've seen for the last several days mainly in the southern plains states down into Texas.
In the Houston all the way down to Corpus -- got showers and thunderstorms into Louisiana some pretty heavy rain.
In some potential for severe weather out there as well this does X and all the way back into the panhandles.
Of Oklahoma and Texas.
Other than that things look pretty good around the majority of the country there's also some wet weather and -- white weather for the higher elevations up in the Pacific northwest.
Down into central California.
Other travel cities looking pretty good for most every one.
Looks like moderate delays in LA possible today I'm -- from fox five in New York.
