As Global Legal Post went to press, talks at the Department of Justice were being described as 'constructive' by Financial Times sources but they had not produced a final agreement. The bank is seeking to make a multi-million dollar agreement with US regulators which would limit any future liabilities on its mortgage securities work. 

The FT concludes: 'A settlement with JPMorgan could be a template for other banks with outstanding legal challenges on mortgage securities, including Bank of America.'