JPMorgan officials not to be penalized in Madoff deal

JP Morgan CEO Jamie Dimon sporting "presidential" cuff links in Congressional testimony.
JP Morgan CEO Jamie Dimon sporting “presidential” cuff links during Congressional testimony.

(From Reuters)

JPMorgan Chase & Co officials will not be penalized as part of a settlement the bank is negotiating with federal authorities to resolve suspicions that it ignored signs of Bernard Madoff’s Ponzi scheme, the Wall Street Journal reported, citing people close to the talks.

Click here for the article.