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JPMorgan Said Likely To Be Faulted Over Madoff

Bernie Madoff

U.S. regulators plan to fault JPMorgan Chase & Co, which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence and report suspicious activity, according to a person familiar with the matter.

JPMorgan Takes Another Legal Hit, But Wins One Too


A Missouri pension fund has sued JPMorgan Chase executives and board members over $6.2bn in trading losses that were revealed last year, citing a recent U.S. Senate report that criticized the bank's management for failing to catch the bad trades.

Goldman Beats Estimates

Lloyd Fonzie Blankfein

Goldman Sachs has reported earnings that topped analysts’ estimates on an increase in revenue from underwriting stocks and bonds.