JPMorgan Chase Nears a $2 Billion Deal in a Case Tied to Madoff – NYTimes.com

Working through a long list of legal problems, JPMorgan Chase is starting the new year with another steep payout to the government.

The bank plans to reach as soon as this week roughly $2 billion in criminal and civil settlements with federal authorities who suspect that it ignored signs of Bernard L. Madoff’s Ponzi scheme, according to people briefed on the case.

via JPMorgan Chase Nears a $2 Billion Deal in a Case Tied to Madoff – NYTimes.com