JPMorgan Chase CEO Jamie Dimon met with Attorney General Eric Holder at the Department of Justice headquarters Thursday as the nation's biggest bank attempts to end multiple government investigations into its liability for selling shoddy mortgage securities.
The settlement talks in Washington come after the U.S. Department of Justice threatened to file a lawsuit on Tuesday over one of its cases. AG Holder acknowledged that the meeting took place, but declined to comment on its nature.
Dimon's meeting follows talks over a possible $11 billion settlement with government officials to settle federal and state mortgage probes. Sources said the discussions have been with the Securities and Exchange Commission, the U.S. Department of Housing and Urban Development and the New York State Attorney General in addition to the DOJ.
JPMorgan is hoping to ease some of the pressure that regulators have been putting on the bank for months. The bank sidestepped the worst losses in the financial crisis, but it has looked less smart since May 2012, when it said it was losing money on derivatives bets that became known as the "London Whale" trades.
JPMorgan stock ticked slightly higher Thursday. (Click here to track the company's shares following the report.)
The visit follows several recent interactions between the bank and regulators, including:
—By CNBC.com With Reuters