JPMorgan Chase to cough up $2 billion to avoid Madoff fallout

Jan 6, 2014

JPMorgan Chase to cough up $2 billion to avoid Madoff fallout

JPMorgan Chase, the U.S. bank used by Bernard Madoff, who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to U.S. authorities to avoid litigation, press reports said Monday. Madoff masterminded a massive and long-running Ponzi scheme that came to ...

Aug 14, 2013

U.S. won't charge JPMorgan's 'London Whale'

The former JPMorgan Chase trader nicknamed the “London Whale” for his huge position, and subsequent losses, in a credit derivatives index has reached a deal to avoid U.S. prosecution, a source familiar with the situation said Tuesday. Bruno Iksil, who with others has been ...

Jul 31, 2013

JPMorgan to settle market-rigging case

On March 14, 2011, Blythe Masters, head of JPMorgan Chase’s global commodities group, asked one of her top deputies why California power officials were making ominous inquiries into the bank’s arcane and lucrative business of selling electricity. Five months earlier, Masters had been given ...

JPMorgan chief keeps twin posts

May 23, 2013

JPMorgan chief keeps twin posts

JPMorgan Chase shareholders Tuesday voted to let Jamie Dimon — the chairman and CEO — keep both his jobs, but the bank’s board faces added pressure after some of its members barely won a majority. The Wall Street banking titan, under pressure over the ...