JPMorgan Chase is close to an agreement to pay federal authorities about $2 billion to resolve investigations into whether the bank failed to alert the government to Bernard L. Madoff’s Ponzi scheme, a person familiar with the talks said Thursday.
The deal would include a deferred-prosecution agreement that would give the Justice Department the right to pursue criminal charges against JPMorgan if the bank fails to live up to the settlement, according to the person familiar with the negotiations who was not authorized to speak publicly so spoke on the condition of anonymity.
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