JPMorgan On Brink Of $2 Billion Deal Over Madoff Case

JPMorgan Chase & Co. (NYSE:JPM) plans to reach this week about $2 billion in criminal and civil settlements with federal authorities over Madoff case.

The settlement relates to the federal authorities suspecting JPMorgan Chase & Co. (NYSE:JPM) ignored signs of Bernard L. Madoff’s Ponzi scheme.

JPMorgan's Madoff settlements

Citing people familiar with the case, Jessica Silver-Greenberg and Ben Protess of Dealbook point out JPMorgan Chase & Co. (NYSE:JPM)’s Madoff settlements would also involve a so-called deferred prosecution agreement, a legal...