Fair

62°F

Shelton, WA

Fair
Humidity: 75%
  • Navy Petty Officer Spotlight

    fontanillaPetty Officer 2nd Class Shawn Fontanilla, a cryptologic technician from Bremerton, Wash. and 2004 graduate of Olympic High School, is serving in the U.S. Navy aboard USS Somerset (LPD 25), one of the world's most modern, networked, survivable, and transformational warships.

    Read More +
  • 1
  • Washington Ferries Getting Back On Schedule

    ferry tacomaWith a leak in its stern freshly patched at a Vancouver, British Columbia, dry dock, the Washington state ferry Wenatchee returned to service Friday on the Edmonds-Kingston route. Washington State Ferries says that allows the Chelan to return to a… Read More +

  • 1
  • Seahawks Make Roster Moves Aug. 1

    seahawksRenton, Wash. - The Seattle Seahawks have placed tight end Anthony McCoy and defensive tackle Jesse Williams on injured reserve, released wide receiver Randall Carroll and signed linebacker Marcus Dowtin and wide receiver Ronald Johnson, the team announced Friday. Dowtin originally signed as an undrafted free agent by the New York Jets after the 2012 NFL Draft.

    Read More
  • 1

JPMorgan Chase Faces $2B Madoff Penalty

b_250_0_16777215_00_images_obgrabber_2014-01_285e88d914.jpgScott Eells/Bloomberg via Getty Images (NEW YORK) -- JPMorgan Chase is close to making another big payout to federal regulators. This time, the alleged wrongdoing involves what the bank didn’t tell investors after receiving warnings that Bernard Madoff’s money management business was a fraud. The latest settlement would mean the biggest U.S. bank has paid about $20 billion to settle government investigations and lawsuits in the past 12 months.

According to published reports, an announcement is likely this week.  JPMorgan Chase would pay about $2 billion in penalties related to Madoff and most of the money will go to his victims.

The New York Times says the Madoff settlement “would also involve a so-called deferred prosecution agreement, a criminal action that would essentially suspend an indictment as long as JPMorgan acknowledged the facts of the government’s case and changed its behavior.” 

That kind of agreement is very unusual for a big bank.

Copyright 2014 ABC News Radio

  1. Environment
  2. Recreation

Tweets

wsferries
wsferries - PT/CV - Reservation Status 8/2 bit.ly/9EfdcV

3 hours ago

wsferries
wsferries - Muk/Clin - Update - No extended wait departing Mukilteo bit.ly/9EfdcV

3 hours ago

wsferries
wsferries - Sea/BI - Update - Puyallup back on schedule with the 10:05 pm to BI bit.ly/9EfdcV

3 hours ago

wsferries
wsferries - Sea/BI - Update - 10:05 pm to BI delayed 15-20 minutes bit.ly/9EfdcV

3 hours ago

Public Notices