US financial giant, JPMorgan Chase is moving closer to a $13 billion deal with regulators to settle civil charges relating to its behaviour in the financial markets at the beginning of the financial crisis.

The shares of the bank have remained largely flat indicating that the market has faith on the bank's ability to resolve the matter and that CEO Jamie Dimon would continue to remain the head of the bank after the settlement deal. Some noted that the JPMorgan Chase has performed better than most major banks under Dimon even as it continues to work to resolve issues with the regulators.

Some suggest that the JPMorgan's deal with the Department of Justice might not address the ongoing federal criminal investigations into bank's actions in the residential mortgage securities business ahead of the 2008 financial crisis. The agreement is expected to be a part of a larger settlement that the company is expected to reach with the Justice Department to resolve multiple mortgage-related investigations and lawsuits

The largest bank in the country said that it has agreed to pay $4 billion to settle claims that it misled Fannie Mae and Freddie Mac relating to the quality of home loans that were sold to the two firms ahead of the financial crisis. The Federal Housing Finance Agency has sought as much as $6 billion from the company, according to reports. The bank might be forced to pay fine of about $13 billion in penalties.