Among the large figures being bandied about through various leaks to media outlets, the Federal Housing Finance Agency -- which regulates Fannie and Freddie -- is looking for JPMorgan to cough up $6 billion to settle claims the bank falsely claimed loans sold to government-sponsored enterprises met required underwriting standards, according to The Financial Times.
The Journal last week reported JPMorgan would completely exit student lending as part of a continuing effort to "simplify" its operations, although federal regulators' proposed leverage capital rules provide plenty of incentive for the biggest banks to focus on higher-risk, higher return businesses.
JPMorgan weathered the post-crisis environment quite well through 2012 with record earnings for three years running. But the regulatory costs are mounting, making it possible that Wells Fargo (WFC - Get Report) will jump to the head of the line as the nation's most profitable bank.
A JPMorgan Chase spokesperson said the company had no additional comment. Dimon was interviewed by the Journal, saying "Fixing our controls issues is job No. 1... This is a huge investment of people, time and money...but it will make us stronger in the long run."JPMorgan's shares were up 0.4% in early trading, to $52.45. JPM data by YCharts
Interested in more on JPMorgan Chase? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email. Follow @PhilipvanDoorn
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