The deal could be wrapped up before the end of the year.
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J.P. Morgan’s Madoff Settlement Imminent
J.P. Morgan Chase is expected to pay $1 million to end the Justice Department’s criminal probe into the adequacy of the bank’s warnings about Bernard L. Madoff. Madoff had a two-decade-long relationship with J.P. Morgan before his arrest in December 2008. So reports MarketWatch.
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