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JPM needs to pay US$2.6B for settlement of Madoff charges
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2014/01/08 08:23
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JP Morgan will pay a sum of US$2.6 billion to reach a settlement for the criminal and civil charges that it had not stopped Bernard Madoff's Ponzi scheme.

According to the settlement agreement, JP Morgan needs to pay US$1.7 billion to victims and another US$350 to the Office of the Comptroller of the Currency. Besides, it also needs allocate US$543 million to resolve the civil claims.


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