Bloomberg: Madoff Victims’ Group Seeks to Forego JPMorgan Deal

Bloomberg reported Bernard Madoff victims asked to be excluded from JPMorgan Chase & Co. (JPM)’s $543 million settlement of lawsuits over the fraud so they can sue the bank on their own.

LightSquared Gets Court OK to Go Forward With Exit Plan

Bloomberg reported that LightSquared received bankruptcy court approval to go forward with a new plan, which would include a $2.5 billion exit loan and at least $1.25 billion in new equity contributions. The plan was supported by Fortress Investment Group, JPMorgan Chase and Melody Capital Advisors.

Bloomberg: Energy Future Said Near Bankruptcy Loan Exceeding $3B

Bloomberg said Energy Future Holdings is close to obtaining a loan of more than $3 billion ahead of a bankruptcy filing that may come this month, according to Bloomberg .

Reuters: JPMorgan’s Dimon Gives Up Chairman Role at Bank Subsidiary

Reuters reported that JPMorgan Chase & Co chairman and CEO Jamie Dimon has given up the title of chairman of the company’s main bank subsidiary to conform with a new internal policy on multiple roles.

Bloomberg: Siemens Begins Syndication of $3B Credit Line

Bloomberg reported that Siemens AG is seeking a $3 billion credit line from lenders. The five-year loan is being arranged by Commerzbank AG, Deutsche Bank AG and JPMorgan Chase & Co.