JPMorgan Chase & Co. may pay about $2 billion to resolve U.S. probes into whether the bank ignored signs of Bernard Madoff’s Ponzi scheme, the New York Times reported, citing unidentified people briefed on the matter.
A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.
Benjamin Wagner, the top U.S. prosecutor for mostly rural eastern California, has busted the head of a tomato-packing company for racketeering and wrangled a settlement from a lumber company over a wildfire.
JPMorgan Chase & Co. has agreed to pay about $100 million to resolve the Commodity Futures Trading Commission’s probe into the firm’s botched derivatives bets last year, according to people briefed on the matter.
JPMorgan Chase & Co. has agreed to sell 1 Chase Manhattan Plaza, the tower built by David Rockefeller, to Fosun International Ltd., the investment arm of China’s biggest closely held industrial group, for $725 million.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. units were sued by two pension funds over claims they made misleading statements about the exposure of MF Global Holdings Ltd. securities to European sovereign debt.