Not even Bernie Madoff can slow Jamie Dimon’s roll.
Despite facing another potential billion-dollar penalty, the sprawling bank run by CEO Dimon is seeing its stock relatively unharmed.
JPMorgan’s shares were not impacted by news of the settlement Thursday, closing at $56.31, up 24 cents.
Reports surfaced Wednesday that JPMorgan is expected to fork over as much as $2 billion to square allegations from regulators that the bank turned a blind eye to Madoff’s massive Ponzi scheme despite executives being aware of red flags before the fraudster’s stunning confession five years ago.
Sources familiar with the situation tell The Post that the bank doesn’t believe it has done anything wrong and that it was not the only institution not to detect Madoff’s decades-long plundering of billions from investors.
JPMorgan has agreed to “deferred prosecution” where no execs will be indicted, in the hopes of putting a string of nettlesome probes behind it, a source said.
A source familiar with the bank’s thinking said that JPMorgan is hoping to tackle the bank’s few major probes over the next several months. That includes the lingering investigations of its hiring policies in China, an electric trading probe, criminal investigations into the “London Whale,” other mortgage matters and a long-standing interest rate-rigging probe tied to the London Interbank Offered Rate.