Crime Bernard Madoff

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  • And the bank winners this earnings season are... Tuesday, 21 Jan 2014 | 1:39 PM ET

    The winners from the fourth quarter are underdogs, companies that have for years been cleaning up messes. Find out who they are.

  • Bet on big banks: 5-star fund manager Bill Nygren Tuesday, 14 Jan 2014 | 4:23 PM ET
    Nygren's top tech picks: Oracle, Intel & more

    Cheap valuations and solid management make the financials sector Bill Nygren's top pick.

  • Madoff penalties hit JPMorgan Chase profit Tuesday, 14 Jan 2014 | 7:28 AM ET
    The headquarters of JP Morgan Chase on Park Avenue December 12, 2013 in New York.

    JPMorgan reported a drop in profit after paying penalties to the government for not reporting suspicions of fraud by Bernie Madoff.

  • Federal judge overseeing Madoff liquidation dies Monday, 13 Jan 2014 | 1:08 PM ET
    Bernard Madoff

    The federal judge presiding over the liquidation of assets related to Bernard Madoff's Ponzi scheme has died.

  • Banks to face Fed action against money laundering Friday, 10 Jan 2014 | 6:33 AM ET
    Wealth cash

    The U.S. Justice Department plans additional enforcement actions against banks that do not have enough safeguards against money laundering.

  • JPMorgan Chase plans to exit prepaid card business Thursday, 9 Jan 2014 | 1:34 PM ET
    JP Morgan Chase

    JPMorgan Chase plans to sell or exit its business of issuing prepaid cards for corporate payrolls, government tax refunds and benefits.

  • JPM complicit, agrees to penalties Tuesday, 7 Jan 2014 | 3:43 PM ET
    JPM complicit, agrees to penalties

    CNBC's Scott Cohn reports on the settlement between U.S. authorities and JPMorgan Chase over its alleged role in Bernard Madoff's Ponzi scheme.

  • JPMorgan 'failed, and failed miserably': Bharara Tuesday, 7 Jan 2014 | 1:44 PM ET
    JPMorgan 'failed, and failed miserably': Bharara

    U.S. Attorney Preet Bharara tells a news conference why JPMorgan is settling charges related to the Bernie Madoff ponzie scheme.

  • Bharara: Madoff warning signs for JPM abounded Tuesday, 7 Jan 2014 | 1:44 PM ET
    Bharara: Madoff warning signs for JPM abounded

    US Attorney Preet Bharara provides insight into the banking relationship between JPMorgan and Bernie Madoff.

  • Bharara prepares for largest bank fine ever Tuesday, 7 Jan 2014 | 1:08 PM ET
    Bharara prepares for largest bank fine ever

    U.S. Attorney Preet Bharara will hold a news conference on the JPMorgan deal in regards to the Madoff case. CNBC's Scott Cohn reports JPMorgan is promising best in class compliance systems.

  • JPMorgan shovels out cash to bury Madoff legacy Tuesday, 7 Jan 2014 | 10:42 AM ET
    JP Morgan Chase

    JPMorgan will pay a $350 million penalty to the U.S. Office of the Comptroller of the Currency in addition to a $1.7 billion forfeiture to settle charges in the Madoff deal.

  • JPM to settle with Irving Picard for $543 million Tuesday, 7 Jan 2014 | 10:20 AM ET
    JPM to settle with Irving Picard for $543 million

    CNBC's Scott Cohn reports JPMorgan will settle with trustee Irving Picard for $543 million. Picard will disperse the funds to the Madoff victims.

  • JPM to pay $1.7 billion to DOJ Tuesday, 7 Jan 2014 | 9:35 AM ET
    JPM to pay $1.7 billion to DOJ

    CNBC's Scott Cohn reports JPMorgan will pay $1.7 billion to the DOJ for its dealings with Bernie Madoff. The bank will also admit wrongdoing in a deferred prosecution agreement. No individuals will be held accountable.

  • JPMorgan Chase will not be penalized following accusations that it ignored Bernard Madoff's Ponzi scheme, the Wall Street Journal reported.

  • JPMorgan overhang issues being resolved: Analyst Monday, 6 Jan 2014 | 2:43 PM ET
    JPMorgan overhang issues being resolved: Analyst

    Despite lawsuits, JPMorgan's stock has jumped 14 percent over the past 2 months. Paul Miller, FBR Capital Markets, and Marty Mosby, Guggenheim Partners banking analyst, take their positions on the stock.

  • JPMorgan near deal in Madoff case Monday, 6 Jan 2014 | 2:40 PM ET
    JPMorgan near deal in Madoff case

    An announcement of a settlement deal between JPMorgan and regulators in the Madoff case could come as early as Tuesday. CNBC's Scott Cohn reports that the company says employees acted in good faith.

  • JPM & Madoff settlement in the works Monday, 6 Jan 2014 | 1:42 PM ET
    JPM & Madoff settlement in the works

    CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. CNBC's Scott Cohn provides perspective.

  • JPM nears $2 billon settlement with DOJ Monday, 6 Jan 2014 | 10:12 AM ET
    JPM nears $2 billon settlement with DOJ

    CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. The deal could also include a deferred prosecution agreement which would rule out criminal charges.

  • Feds investigating JPMorgan over Madoff probe Monday, 16 Dec 2013 | 4:27 PM ET
    Feds investigating JPMorgan over Madoff probe

    JPMorgan and federal regulators are on the verge of a $2 billion settlement, reports CNBC's Scott Cohn.

  • Madoff on JPM settlement talks Friday, 13 Dec 2013 | 4:44 PM ET
    Madoff on JPM settlement talks

    Bernie Madoff claims he has provided key information to the Treasury inspector general's office, reports CNBC's Scott Cohn.