Saturday, Mar 24th

Last update05:20:13 AM GMT

You are here News Domestic (USA) JPMorgan ordered to comply with probe of Madoff

JPMorgan ordered to comply with probe of Madoff

E-mail Print PDF

JP MorganThe Treasury Department watchdog ordered JPMorgan Chase & Co (JPM.N) to work with U.S. regulators seeking documents in connection with a probe into the bank's relationship with convicted Ponzi schemer Bernard Madoff, in a warning letter dated December 21.

The letter from Treasury Inspector General Eric Thorson to JPMorgan's general counsel, Stephen Cutler, which was reviewed by Reuters on Friday, revealed that the Office of the Comptroller of the Currency has been unable to get documents it requested.

JPMorgan has argued it does not have to turn over certain kinds of documents to the OCC because it would impinge on its attorney-client privilege rights, according to the letter.

Thorson told the bank his office would not accept that argument and ordered JPMorgan to tell his office by January 11 how it would resolve the dispute with the OCC.


Most Recent Related Stories...

Politics Emotions run high at mass gun demonstration

MARCH FOR OUR LIVES Hundreds of thousands of people from across the country descended on Washington Saturday to demand action...

1 injured in Austin blast that police say is not related to package bombings

Austin incendiary deviceOne person was injured Tuesday evening in a blast at a Goodwill store in Austin, officials...

Alleged Austin 'serial bomber' kills self with explosive

Austin bombing suspect identifiedThe alleged Texas serial bomber has been identified as 24-year-old Mark Anthony Conditt, law enforcement sources...

Judge Temporarily Blocks Mississippi’s 15-Week Abortion Ban

Mississippi Women's Health Clinic - the ONLY center open in the stateA federal judge has temporarily blocked a new law in Mississippi that bans abortion after 15...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!