JPMorgan Chase (NYSE:JPM) is reportedly close to settling charges stemming from its relationship with now-jailed schemer Bernie Madoff. Charges suggested that the bank didn't alert authorities about their suspicions. In this segment of The Motley Fool’s financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the potential settlement and tell investors why it may be a good thing for the bank.

David Hanson and Matt Koppenheffer own shares of JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.