Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  JPMorgan Chase & Co.    JPM

News SummaryMost relevantAll newsSector newsTweets 

JPMorgan Chase & Co. : JPMorgan in talks with U.S. Attorney over Madoff warnings: WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
12/07/2013 | 02:32am CEST

The U.S. Attorney's Office in Manhattan is looking into why JPMorgan Chase & Co did not file a suspicious activity report about Bernard Madoff before he was arrested for running a multibillion-dollar Ponzi scheme, the Wall Street Journal reported on Friday, citing people close to the probe.

The bank is negotiating a settlement with U.S. Attorney Preet Bharara's office over the matter that will likely include a fine and a deferred prosecution agreement, the Journal reported.

A spokesman for the bank could not immediately be reached for comment on the Journal story.

JPMorgan had raised concerns with UK regulators about Madoff more than a month before his arrest in December 2008, the Journal reported. In a document filed with Britain' Serious Organized Crime Agency, the bank raised several concerns about Bernard L Madoff Investment Securities, such as returns that appeared "too good to be true," the Journal said.

Madoff had a banking relationship with JPMorgan for two decades, the Journal said.

In addition to the Madoff case, prosecutors and the Federal Bureau of Investigation are examining whether there was a larger pattern of failed controls at the bank, the paper said, citing people close to the probe.

Madoff is serving a 150-year prison sentence after pleading guilty to running a Ponzi scheme that cost investors billions of dollars.

JPMorgan has said it did not know about the fraud, the Journal said.

Suspicious activity reports are required when a bank finds suspicious transactions or signs of a violation of federal law.

The Madoff probe comes as JPMorgan grapples with a string of legal troubles. Over the past few months, it has agreed to pay nearly $20 billion to settle lawsuits and probes, the Journal said.

(Reporting by Dena Aubin; Editing by Eric Beech)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on JPMORGAN CHASE & CO.
11:02a JPMORGAN CHASE : Commits $17 Million to Create Skills-Based Summer Jobs for Youn..
05/21 EMC : Anatomy of a deal finessed to perfection
05/20 T-Mobile US, Inc. to Present at the J.P. Morgan 45th Annual Technology, Media..
05/19 JPMORGAN CHASE & CO. (NYSE : JPM) Files An 8-K Submission of Matters to a Vote o..
05/19 JPMORGAN CHASE & CO : Submission of Matters to a Vote of Security Holders (form ..
05/19 JPMORGAN CHASE : Former Chase Mortgage Originator Pleads Guilty
05/19 J.P. MORGAN ASSET MANAGEMENT : Launches Ultra-Short Income ETF
05/19 Dealmakers aplenty, SoftBank's Son looks for wonks
05/19 TRUMP AND DIMON : Is what's good for JPMorgan good for America?
05/19 BofA opens debate on lowering mortgage down payments
More news
Sector news : Banks - NEC
05:57pDJCITIGROUP : Settles With Justice Department Over Money Laundering -- Update
05:49p CITIGROUP : U.S. Justice Dept., Citigroup settle probe into Banamex USA
05:28pDJCITIGROUP : Settles With Justice Department Over Money Laundering
02:39pDJCITIGROUP : to Tap Nasdaq for Blockchain Payment Technology
06:59aDJOVERSEA CHINESE BANKING : OCBC Starts Private Banking Operations in Indonesia
More sector news : Banks - NEC
News from SeekingAlpha
04:15a The Silver Market Is Sending Very Strange Signals
05/21 Tracking Dan Loeb's Third Point Portfolio - Q1 2017 Update
05/19 FAVORITE BUY SIGNAL : This Bank CEO Just Bought 50,000 Shares
05/19 Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2017 Update
05/19 MNUCHIN : No breaking up banks
Financials ($)
Sales 2017 102 397 M
EBIT 2017 43 765 M
Net income 2017 24 243 M
Debt 2017 -
Yield 2017 2,45%
P/E ratio 2017 12,66
P/E ratio 2018 11,10
Capi. / Sales 2017 2,94x
Capi. / Sales 2018 2,77x
Capitalization 301 207 M
More Financials
Duration : Period :
JPMorgan Chase & Co. Technical Analysis Chart | JPM | US46625H1005 | 4-Traders
Full-screen chart
Technical analysis trends JPMORGAN CHASE & CO.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 93,3 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
James Dimon Chairman & Chief Executive Officer
Matthew E. Zames Chief Operating Officer
Marianne Lake Chief Financial Officer & Executive Vice President
Dana S. Deasy Chief Information Officer
Lee R. Raymond Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JPMORGAN CHASE & CO.-1.75%301 207
WELLS FARGO & CO-3.72%265 158
BANK OF CHINA LTD4.94%194 757
More Results