Updated Saturday, April 19, 2014 as of 11:15 PM ET
- Bank Channel
JPMorgan Profit Drops 7.3% After Madoff Legal Settlements
by: Hugh Son
Tuesday, January 14, 2014
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(Bloomberg) -- JPMorgan Chase's quarterly profit fell 7.3% on $2.6 billion of settlements tied to Bernard Madoff’s Ponzi scheme as rising legal costs ended the firm’s three-year streak of record annual earnings.

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