Disgraced financier Bernard Madoff is escorted by police and photographed by the media as he departs U.S. Federal Court after a hearing in New York, January 5, 2009.
Lucas Jackson/Reuters

Business Latest: Madoff, cont.

 

FEDS INVESTIGATE WHETHER JPM TRIED TO BLOCK MADOFF PROBE: U.S. authorities are investigating whether JPMorgan Chase tried to impede their investigation of the Madoff Ponzi scheme, CNBC has learned. The bank is in the final stages of negotiating a $2 billion settlement involving a variety of alleged misconduct in its role as Bernard Madoff’s primary banker, according to sources. But before the settlement talks took hold in recent weeks, the bank was aggressively fighting regulators’ requests for information. Read more

AFFLUENZA: A look at the outrage over a rich teenager’s so-called affluenza defense. Allegedly a Texas teen received lenient sentence in a fatal DWI charge based on the argument that a lifetime of coddling made it difficult from him to make good decisions. Is there really such a condition?  Watch video here

HOW YOU LOOK IN HIGH SCHOOL CAN AFFECT WHAT YOU EARN LATER IN LIFE: Those awkward teenage years may be costing people more than just a date at the prom. A new study  finds that attractive young adults enjoy a pay advantage over their less attractive peers, and that advantage starts building as early as high school.  Read more

US STOCKS CLOSE SHARPLY HIGHER A DAY AHEAD OF FED GATHERING Read more

Stock Market and Wealth

Business Latest: Madoff, cont.