JPMorgan Chase & Co. (JPM) may pay about $2 billion to resolve U.S. probes into whether the bank ignored signs of Bernard Madoff’s Ponzi scheme, the New York Times reported, citing unidentified people briefed on the matter. The firm is close to a deal that includes a deferred prosecution agreement and more than $1 billion in penalties to resolve a criminal case, with remaining sanctions imposed by federal regulators investigating gaps in the company’s money-laundering safeguards, the newspaper said. More on Bloomberg here.
