JPMorgan’s Involvement In Madoff Case Could Trigger Charter Review

A top banking regulator told U.S. prosecutors that a criminal case against JPMorgan Chase & Co (NYSE:JPM) could trigger a review of its banking charter.

Dan Fitzpatrick and Scott Patterson of The Wall Street Journal report that the OCC in its response to the U.S. Attorney’s office highlighted potential consequences of a criminal investigation into whether JP Morgan provided adequate warnings about Bernard Madoff.

JPMorgan in deferred prosecution agreement

Bernard Madoff, one of the most notorious financial criminals...