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.
CNBC's Scott Cohn reports JPMorgan will settle with trustee Irving Picard for $543 million. Picard will disperse the funds to the Madoff victims.
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.
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.
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.
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.
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.
JPMorgan and federal regulators are on the verge of a $2 billion settlement, reports CNBC's Scott Cohn.
Bernie Madoff claims he has provided key information to the Treasury inspector general's office, reports CNBC's Scott Cohn.
CNBC's Scott Cohn looks back at the Bernie Madoff ponzi scheme and reports on the latest efforts to recoup the lost assets of his victims.
Five years after Bernard Madoff's arrest for the largest Ponzi scheme on record, victims of the theft still feel the loss of their life savings as if it was yesterday.
Five years after Bernard Madoff's arrest for the largest Ponzi scheme on record, Madoff Trustee Irving Picard and Chief Counsel David Sheehan tell CNBC's Scott Cohn, in an exclusive interview, how they discovered Madoff's phantom trades.
Five years after Bernard Madoff's arrest for the largest Ponzi scheme on record, Madoff Trustee Irving Picard and Chief Counsel David Sheehan tell CNBC's Scott Cohn, in an exclusive interview, how complicated tracking down the missing Madoff funds has been.
CNBC's Scott Cohn said Bernard Madoff "looked good" in their two-hour interview in January. Madoff said he "takes some comfort" in the fact that with his assistance, "all of my customers will recover their original investment principal."
CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.
JPMorgan may face possible criminal prosecution in the Bernard Madoff case. CNBC's Sue Herera and Scott Cohn discuss the potential ramifications.
A judge dismissed a $40 million civil claim against Madoff's brother, son and former directors of the firm.
If the Madoff trustee is successful in suing banks for ignoring warning signs, the liability of financial firms could be enormous in future cases.
The Madoff case bankruptcy trustee Irving Picard seeks a review by the Supreme Court, in hopes of holding some of the big banks liable, reports CNBC's Scott Cohn.