(New York, NY) -- A source says JP Morgan Chase is close to reaching a six-billion dollar deal with a group of investors. The deal will settle claims the bank sold them substandard mortgage-backed securities. Bank reps and investors met last Friday to go over the settlement. The source said the two sides have not yet agreed to formal terms. This deal would be separate from the preliminary 13-billion dollar settlement the bank reached with the federal government to resolve civil actions brought by enforcement agencies.