Posted by & filed under Company Analysis, Governments & Regulators, Industry Analysis, Management Issues.

Description:  JPMorgan Chase & Co will pay more than $2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff’s Ponzi scheme.

Source:  Reuters.com

Date: Jan 07, 2014

Link: http://in.reuters.com/article/2014/01/07/jpmorgan-madoff-deal-idINL2N0KH0ZP20140107

Questions for Discussions:

  • Summarize the illegal behaviors for which the bank is being fined.
  • Why do you think these actions went unreported?
  • Do you believe the fine suffices or should individuals have gone in jail?

 

Company Analysis, Industry Analysis, Management Issues, Governments & Regulators –

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