JPM strikes record $US13bn settlement in RMBS case J.P. MORGAN Chase has reached a tentative deal with the Justice Department to pay a record $US13 billion to settle a number of outstanding probes of its residential mortgage-backed securities business, according to people familiar with the decision. The deal, struck Friday night, doesn't resolve a continuing criminal probe of the bank's conduct, which could result in charges against individuals or the bank itself and possibly increase the penalty tab. The two sides continued to disagree over an admission of wrongdoing that would end the criminal probe and decided instead to resolve the civil allegations related to the mortgage securities.