Morning Scan: Parsing JPM's Madoff Settlement; Volcker Rule Loo...

Receiving Wide Coverage ...

JPM Madoff Settlement: It's official. JPMorgan Chase will pay roughly $2.6 billion to resolve allegations that it ignored signs about Bernie Madoff's massive Ponzi scheme. As anticipated, the bank's latest settlement includes a deferred prosecution agreement that saw JPM skirt criminal prosecution "in exchange for the payment and a promise to reform its practices." (Anony-mice provided Dealbook with a bit of a play-by-play regarding the settlement negotiations that involves a face-to-face meeting...