JPMorgan Chase, the biggest of banks, is reportedly close to paying $6 billion to settle claims by big institutional investors that they were sold bad mortgage-backed securities. That’s not to be confused with the other settlements JPMorgan is confronting, including the possible $13 billion one with federal regulators. 

Despite the astronomical sums of money involved, these settlements are hardly JPMorgan’s biggest problem says Allan Sloan, senior editor at large at Fortune Magazine. 

“I think the goal of the regulators is to get these institutions to break up voluntarily in the name of shareholder value,” Sloan says. “I think that’s the game plan, but I don’t hear anyone saying that.”

Click on the audio player above to hear the full interview with Allan Sloan.