JP Morgan Settles with Jefferson County

| November 4, 2009 

 ========= Old Image Removed =========Array
(
    [_wp_attached_file] => Array
        (
            [0] => 2009/11/jpmorgan.jpg
        )

    [_wp_attachment_metadata] => Array
        (
            [0] => a:5:{s:5:"width";i:762;s:6:"height";i:203;s:4:"file";s:20:"2009/11/jpmorgan.jpg";s:5:"sizes";a:8:{s:6:"medium";a:4:{s:4:"file";s:19:"jpmorgan-336x90.jpg";s:5:"width";i:336;s:6:"height";i:90;s:9:"mime-type";s:10:"image/jpeg";}s:9:"thumbnail";a:4:{s:4:"file";s:20:"jpmorgan-140x140.jpg";s:5:"width";i:140;s:6:"height";i:140;s:9:"mime-type";s:10:"image/jpeg";}s:9:"wbhm-icon";a:4:{s:4:"file";s:18:"jpmorgan-80x80.jpg";s:5:"width";i:80;s:6:"height";i:80;s:9:"mime-type";s:10:"image/jpeg";}s:20:"wbhm-featured-square";a:4:{s:4:"file";s:20:"jpmorgan-600x203.jpg";s:5:"width";i:600;s:6:"height";i:203;s:9:"mime-type";s:10:"image/jpeg";}s:22:"wbhm-featured-carousel";a:4:{s:4:"file";s:20:"jpmorgan-470x125.jpg";s:5:"width";i:470;s:6:"height";i:125;s:9:"mime-type";s:10:"image/jpeg";}s:28:"ab-block-post-grid-landscape";a:4:{s:4:"file";s:20:"jpmorgan-600x203.jpg";s:5:"width";i:600;s:6:"height";i:203;s:9:"mime-type";s:10:"image/jpeg";}s:25:"ab-block-post-grid-square";a:4:{s:4:"file";s:20:"jpmorgan-600x203.jpg";s:5:"width";i:600;s:6:"height";i:203;s:9:"mime-type";s:10:"image/jpeg";}s:14:"post-thumbnail";a:4:{s:4:"file";s:20:"jpmorgan-125x125.jpg";s:5:"width";i:125;s:6:"height";i:125;s:9:"mime-type";s:10:"image/jpeg";}}s:10:"image_meta";a:12:{s:8:"aperture";s:1:"0";s:6:"credit";s:0:"";s:6:"camera";s:0:"";s:7:"caption";s:0:"";s:17:"created_timestamp";s:1:"0";s:9:"copyright";s:0:"";s:12:"focal_length";s:1:"0";s:3:"iso";s:1:"0";s:13:"shutter_speed";s:1:"0";s:5:"title";s:0:"";s:11:"orientation";s:1:"0";s:8:"keywords";a:0:{}}}
        )

    [_imagify_optimization_level] => Array
        (
            [0] => 1
        )

    [_imagify_data] => Array
        (
            [0] => a:2:{s:5:"stats";a:3:{s:13:"original_size";i:86294;s:14:"optimized_size";i:42435;s:7:"percent";d:50.829999999999998;}s:5:"sizes";a:8:{s:4:"full";a:5:{s:7:"success";b:1;s:8:"file_url";s:48:"https://news.wbhm.org/media/2009/11/jpmorgan.jpg";s:13:"original_size";i:31403;s:14:"optimized_size";i:10351;s:7:"percent";d:67.040000000000006;}s:9:"thumbnail";a:5:{s:7:"success";b:1;s:8:"file_url";s:56:"https://news.wbhm.org/media/2009/11/jpmorgan-140x140.jpg";s:13:"original_size";i:4049;s:14:"optimized_size";i:2531;s:7:"percent";d:37.490000000000002;}s:6:"medium";a:5:{s:7:"success";b:1;s:8:"file_url";s:55:"https://news.wbhm.org/media/2009/11/jpmorgan-336x90.jpg";s:13:"original_size";i:7402;s:14:"optimized_size";i:4861;s:7:"percent";d:34.329999999999998;}s:9:"wbhm-icon";a:5:{s:7:"success";b:1;s:8:"file_url";s:54:"https://news.wbhm.org/media/2009/11/jpmorgan-80x80.jpg";s:13:"original_size";i:2218;s:14:"optimized_size";i:1556;s:7:"percent";d:29.850000000000001;}s:13:"wbhm-featured";a:5:{s:7:"success";b:1;s:8:"file_url";s:56:"https://news.wbhm.org/media/2009/11/jpmorgan-600x203.jpg";s:13:"original_size";i:17161;s:14:"optimized_size";i:8737;s:7:"percent";d:49.090000000000003;}s:20:"wbhm-featured-square";a:5:{s:7:"success";b:1;s:8:"file_url";s:56:"https://news.wbhm.org/media/2009/11/jpmorgan-300x203.jpg";s:13:"original_size";i:9101;s:14:"optimized_size";i:5120;s:7:"percent";d:43.740000000000002;}s:22:"wbhm-featured-carousel";a:5:{s:7:"success";b:1;s:8:"file_url";s:56:"https://news.wbhm.org/media/2009/11/jpmorgan-470x125.jpg";s:13:"original_size";i:11315;s:14:"optimized_size";i:6979;s:7:"percent";d:38.32;}s:14:"post-thumbnail";a:5:{s:7:"success";b:1;s:8:"file_url";s:56:"https://news.wbhm.org/media/2009/11/jpmorgan-125x125.jpg";s:13:"original_size";i:3645;s:14:"optimized_size";i:2300;s:7:"percent";d:36.899999999999999;}}}
        )

    [_imagify_status] => Array
        (
            [0] => success
        )

)
1670485889 
1257292800

 

JP Morgan is paying more than 700 million dollars to settle charges by the Securities and Exchange Commission it made unlawful payments to friends of Jefferson County commissioners in order to win municipal bond business. Under the settlement announced Wednesday, JP Morgan agreed to forfeit almost 650 million dollars in bond-swap termination fees. The Wall Street bank will also pay a 25 million dollar penalty and 50 million to Jefferson County. The SEC also took action against two former JP Morgan officials involved in the alleged scheme. They did not settle and an SEC spokesman said the government will continue to pursue the case against them. WBHM’s Bradley George spoke with Samford University finance professor Melissa Woodley. She says Jefferson County leaders are probably relieved by the settlement, but it’s far from a panacea for the county’s massive debt.

 

 

Tributes, not politics, play center stage as Trump hosts the Kennedy Center Honors

President Trump said he was closely involved with picking the honorees, and on Sunday he became the first president to host the Kennedy Center awards ceremony.

Thailand launches airstrikes along border with Cambodia as tensions reignite

Both sides accused the other of breaking a ceasefire that halted fighting earlier this year. Longstanding border disputes erupted into five days of combat in July that killed dozens.

Rafael Ithier, a legend of salsa music, dies at 99

The pianist, composer and arranger spent more than six decades turning El Gran Combo into one of the premier salsa institutions of Latin America and beyond.

Light from satellites will ruin majority of some space telescope images, study says

Astronomers have long been concerned about reflections from satellites showing up in images taken by telescopes and other scientific instruments.

Defense Department is reviewing boat strike video for possible release, Hegseth says

In a speech on Saturday, Defense Secretary Pete Hegseth defended the strikes, saying: "President Trump can and will take decisive military action as he sees fit to defend our nation's interests."

Bama, Miami in, Notre Dame out and Indiana No. 1 in College Football Playoff rankings

Nobody paying attention for the past 24 months would be surprised to see Indiana – yes, Indiana – leading the way into this year's College Football Playoff.

More Economy Coverage