E*Trade Financial Corp. and its insurers have agreed to pay $79 million to settle a class-action suit brought by investors over losses in its mortgage and home-equity loan portfolios.

The online brokerage and banking company said in a regulatory filing Wednesday that it will pay almost $10.8 million of the settlement, which still needs court approval. This amount will be reflected as an expense in the fourth quarter. E*Trade agreed to the settlement without admitting wrongdoing.

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