JP Morgan Settles with Jefferson County
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.
80-year-old grandmother becomes oldest woman to finish the Ironman World Championship
Just 20 years ago, Natalie Grabow was learning to swim. Now she's hailed as an inspiration after winning her age group at the famously grueling triathlon competition in Hawaii.
For private flood insurance companies, the government shutdown is good for business
With the government shutdown, the National Flood Insurance Program is no longer writing new policies. It's causing problems for would-be homeowners, but private companies have stepped in to help.
Health insurance premiums are going up next year — unless you work at these companies
As U.S. health insurance costs rise, some companies are paying for all of their workers' premiums. It's a big expense — but they say it pays off.
The two wildcards shaping the tail end of the Virginia race for governor
Virginia is just weeks away from electing a new governor, but the government shutdown and an explosive text message scandal in the race for attorney general could reshape the election.
Should the bus be free? Transit advocates are divided
"Free buses" is one of the big ideas that helped Zohran Mamdani win the Democratic mayoral primary in New York City. But the track record in cities that have stopped collecting fares is mixed.
Trump confirms the CIA is conducting covert operations inside Venezuela
The acknowledgement of covert action in Venezuela comes after the U.S. military in recent weeks has carried out a series of deadly strikes against alleged drug-smuggling boats in the Caribbean.
