JPMorgan On Brink Of $2 Billion Deal Over Madoff Case – ValueWalk Premium
JPMorgan
06Jan

JPMorgan On Brink Of $2 Billion Deal Over Madoff Case

JPMorgan Chase & Co. (NYSE:JPM) plans to reach this week about $2 billion in criminal and civil settlements with federal authorities over Madoff case.

The settlement relates to the federal authorities suspecting JPMorgan Chase & Co. (NYSE:JPM) ignored signs of Bernard L. Madoff’s Ponzi scheme.
JPMorgan's Madoff settlements
Citing people familiar with the case, Jessica Silver-Greenberg and Ben Protess of

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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