A U.S. court ruled that victims of Allen Stanford's Ponzi scheme are not eligible under federal law to file claims seeking compensation.» Read More
NEW YORK, Feb 20- Two senior officials at JPMorgan Chase& Co and predecessor companies repeatedly confronted Bernard Madoff over irregularities in his business, a new lawsuit said, suggesting that bank leaders had "direct knowledge" of his Ponzi scheme.
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NEW YORK, Feb 19- Only minutes into the prosecution's questioning of former Bernard Madoff aide Daniel Bonventre at trial on Wednesday, it was clear he was in for a long day.
NEW YORK, Feb 18- In an unusual move, Bernard Madoff's former back-office director took the witness stand in his own defense on Tuesday, telling a federal jury that he had no idea his boss was operating a Ponzi scheme until the day Madoff was arrested in December 2008.
Convicted of defrauding investors, Allen Stanford is serving 110 years in a high-security prison about 40 miles from Orlando, Fla. CNBC's Scott Cohn reports.
NEW YORK, Feb 4- A federal bankruptcy judge on Tuesday approved JPMorgan Chase& Co's $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard Madoff. JPMorgan will pay $218 million to resolve class-action litigation and $325 million to resolve claims brought by the trustee, Irving Picard.
JPMorgan Chase’s board voted to give Jamie Dimon a new pay package worth about $20 million after his pay was cut in half last year, to $11.5 million.
CNBC's Scott Cohn reports Bernie Madoff had a mild heart attack last month and is now back at his medium security prison in Butner, North Carolina.
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JPMorgan reported a drop in profit after paying penalties to the government for not reporting suspicions of fraud by Bernie Madoff.
The federal judge presiding over the liquidation of assets related to Bernard Madoff's Ponzi scheme has died.
The U.S. Justice Department plans additional enforcement actions against banks that do not have enough safeguards against money laundering.
JPMorgan Chase plans to sell or exit its business of issuing prepaid cards for corporate payrolls, government tax refunds and benefits.
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.
U.S. Attorney Preet Bharara tells a news conference why JPMorgan is settling charges related to the Bernie Madoff ponzie scheme.
US Attorney Preet Bharara provides insight into the banking relationship between JPMorgan and Bernie Madoff.
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 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.