January 08, 2014 BY Gerald Segal

JP Morgan fined $2.6 billion for failing to anticipate Madoff’s Scheme

The megabank adds yet another lawsuit to its growing settlements list The never-ending story of banking industry heavyweights getting hefty fines goes on with yet another twist. First it was the uncovering of mortgage fraud, then the Libor scandal, followed by the London Whale and now we still have an ongoing investigation surrounding the 4pm London…

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