JP Morgan Settles with Jefferson County

Bradley George | 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
        )

)
1663947425 
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.

Listen to the interview

https://wbhm.org/wp-content/uploads/2025/09/mg-8217-800x450.png

Americans are crazy for shrimp. Much of it came from India — until now

India's shrimp exports to the U.S. were once a success story. Now the industry faces ruin amid President Trump's 50% tariff on imports from the country.

https://wbhm.org/wp-content/uploads/2025/09/gettyimages-2232569993-800x450.png

Trump administration fires more immigration judges

Nearly 20 immigration judges received emails this month informing them that they are being let go, NPR has learned, the largest single month of firings since the process began in February.

https://wbhm.org/wp-content/uploads/2025/09/Geoffrey_West_Landscape-800x450.jpeg

Son of woman murdered by man now on death row asks Alabama to stop his execution

Will Berry was 11 when his mother was murdered. Geoffrey West was 21 when he pulled the trigger. Berry and West exchanged letters ahead of West’s scheduled execution by nitrogen gas Thursday in Alabama. West expressed his remorse, and Berry offered forgiveness.