FILE - In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. The biggest U.S. bank agreed to pay $13 billion for its part in the housing frenzy that sparked the financial crisis. The agreement dwarfed the previous record settlement with the government: $4 billion against BP for its 2010 oil spill. JPMorgan Chase and banks it had acquired had misled Fannie Mae and Freddie Mac about mortgage bonds it sold them that later went belly up. The settlement represented 60 percent of JPMorgan's 2012 net income. On the bright side for the bank: Most of the penalty is tax-deductible. (AP Photo/Mark Lennihan, File)