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Several other firms could be hit for billions

NYSE Wall Street

The banking industry could be on the hook for tens of billions of dollars in legal costs if government officials apply the same regulatory standards to other banks that they have in their sweeping mortgage-fraud investigation of JPMorgan, securities analysts tell the Fox Business Network.

Ex-Madoff employee felt 'sick' over high returns

Bernie Madoff

A former employee of Bernard Madoff on trial for allegedly aiding the con man’s $17bn fraud told investigators in 2008 that he closed his personal investment account two years before the Ponzi scheme unraveled because the consistently high returns made him feel 'sick'.

JPMorgan nears $6bn investor settlement

A Billion Dollars

JPMorgan is nearing an agreement worth close to $6bn with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.