Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., testifies before a House Financial Services Committee hearing on ''Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss'' on Capitol Hill in Washington June 19, 2012.
Credit: Reuters/Kevin Lamarque
(Reuters) - JPMorgan Chase & Co CEO Jamie Dimon was meeting Thursday morning with U.S. Attorney General Eric Holder as the nation's biggest bank attempts to end federal and state investigations into its liability for selling shoddy mortgage securities, according to two people familiar with the matter.
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.
Dimon's meeting with the highest-ranking law enforcement official in the United States was scheduled for 10 a.m. (1400 GMT), one of the sources said.
The meeting follows negotiations between JPMorgan and federal and state authorities over the bank paying as much as $7 billion in cash and $4 billion in consumer relief to settle several investigations.
The talks have been described as "fluid" and filled with uncertainties over exactly which claims against the bank would be resolved.
(Reporting by David Henry in New York and David Ingram in Washington; Editing by Gerald E. McCormick and John Walace)