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.
Crew of fatal US military crash included Alabama father recently deployed
The six U.S. service members who died in the crash of a U.S. military refueling aircraft included an Alabama father who had just been promoted and deployed. The U.S. government released the identities of the deceased service members Saturday.
Alabama poised to drastically overhaul utility regulation. Will it lower electric bills?
The Alabama Senate unanimously voted to expand the public service commission, and create a Secretary of Energy to address rising electricity prices. A bill in the House would go even further, requiring rate case hearings and limiting utility profits.
Musher from Alabama is going for back-to-back Iditarod wins
Riches and paid appearances haven’t followed Jessie Holmes since he won the world’s most famous sled dog race, the Iditarod, last year. He doesn't mind.
Bill would move Alabama to closed primaries
Right now, any Alabama voter can participate in a primary election. Lawmakers in Montgomery took up a bill this week that would change that system.
Auburn football player uses NIL funds to open a community hub in Birmingham
Jourdin Crawford, a freshman defensive lineman at Auburn, used earnings from a Name, Image, and Likeness deal to give back to his hometown.
Ivey commutes death sentence of inmate whose accomplice fired fatal shot
Charles “Sonny” Burton was sentenced to death for the killing of Doug Battle during a 1991 robbery. However, another man shot Battle when Burton had left the building.
