JPMorgan nears $2 billion settlement in a case tied to Madoff: Reports

JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff's Ponzi scheme, the New York Times reported, citing people briefed on the case.

‘Serious lapses in Citibank led to fraud’

NEW DELHI: An internal investigation into the scam in Citibank's Gurgaon branch in May has shown that there were serious lapses within the bank that was responsible for one of the country's biggest fraud involving a multinational bank.