JPMorgan, Madoff & Facebook

Bloomberg reports that Linus Wilson, an assistant finance professor at the University of Louisiana at Lafayette, has undertaken an extensive study of the Madoff Ponzi scheme.

And one interesting 'revelation' is his calculation that JPMorgan would have made profits from Madoff's accounts at the bank which, if reinvested in JPMorgan stock through February 18th, would have totalled some $907m.

Although JPMorgan has officially declined to comment on this report, one insider told Here Is The City: ''If' is a big word. If my aunt had balls, she'd be my uncle!'.

In the meantime, The New York Post writes that Twitter has denied reports that it is considering an IPO, or that  JPMorgan is in talks to acquire a 10% stake in the business for $450m.

Twitter founder Biz Stone described the JPMorgan story as 'made up'. Hmm, wonder if that investment banker still got his bonus.

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