For JPMorgan’s Madoff tie, rare criminal action looms

Posted: December 12, 2013 at 5:26 a.m.

JPMorgan Chase and federal authorities are nearing settlements over the bank’s ties to Bernard Madoff, striking tentative deals that would involve roughly $2 billion in penalties and a rare criminal action. The government will use a sizable portion of the money to compensate Madoff’s victims.

This story is only available from our archives.

Front Section, Pages 1 on 12/12/2013


« Previous Story

FDA looks to curb antibiotics in meat

Citing a potential threat to public health, the Food and Drug Administration moved Wednesday toward phasing out the use of some antibiotics in animals processed for meat. Read »

Next Story »

Market sinks to lowest level in month

The stock market fell to its lowest level in a month Thursday as investors worried that the end is nearing for the Federal Reserve’s economic stimulus program. Read »