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US prosecutor Preet Bharara`s office recovers nearly USD 4 billion since Jan 2013

Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.

JPMorgan reports big jump in profits

Banking giant JP Morgan Chase reported on Friday a big jump in net profit to 3.27 billion dollars in the fourth quarter of 2009, highlighting renewed health in the troubled sector.