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.
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As Trump reshapes foreign policy, China moves to limit risks, reap gains
President Trump's focus overseas may spare China for now, but Beijing still worries that his "America First" rhetoric hasn't softened what it calls U.S. "military adventurism."
Searching for dinosaur secrets in crocodile bones
Until now, estimating how old a dinosaur was when it died has been a fairly simple process: Count up the growth rings in the fossilized bones. But new research into some of dinosaurs' living relatives, like crocodiles, suggests that this method may not always work.
