J.P. Morgan Is in Talks With U.S. Over Madoff Warnings – WSJ.com

Manhattan U.S. Attorney Preet Bharara’s office is examining why J.P. Morgan didn’t provide U.S. regulators with a formal “suspicious activity report” raising concerns about Mr. Madoff—despite having done so with a U.K. agency more than a month before Mr. Madoff’s arrest, said the people close to the probe. Mr. Madoff had a two-decade-long banking relationship with J.P. Morgan before his arrest in December 2008.

via J.P. Morgan Is in Talks With U.S. Over Madoff Warnings – WSJ.com