Jan 6 2014 | 2:06pm ET
JPMorgan Chase is poised to pay about $2 billion and to accept a deferred-prosecution agreement over its alleged failure to report suspicions that something was amiss at Bernard Madoff's firm prior to its collapse.
The proposed deal will require the bank to admit wrongdoing in the Madoff matter and will add to the roughly $20 billion JPMorgan has agreed to pay to settle government investigations in the past year.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…