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  • Mason County Pot: More Changes

    medmariChanges were recently made (as early as today) to Title 17 of the Mason County Code regulating recreational Marijuana. This code encompasses building codes requirements for the recreational marijuana production, processing and retail sales. This industry is constantly changing, and the changes… Read More +

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  • More Body Cameras For Sedro-Woolley Police

    officercamera2The Sedro-Woolley Police Department recently purchased four new cameras for patrol officers to record contact with the public. After the unrest in Ferguson, Missouri, Sedro-Woolley Mayor Mike Anderson told The Skagit Valley Herald he wanted to make sure every officer on… Read More +

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  • Mariners Young Named Comeback Player Of Year

    youngCHRIS YOUNG NAMED AMERICAN LEAGUE COMEBACK PLAYER OF THE YEAR. Young honored by the Sporting News after going 12-9 with a 3.65 ERA in 30 games/29 starts in 2014. Seattle Mariners right-handed pitcher Chris Young has been named the 2014 American League Comeback Player of the Year by the Sporting News.

    Read More
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JPMorgan Expected to Agree to $750 Million in Fines for 'Whale' Losses

b_250_0_16777215_00_images_obgrabber_2013-09_9ca82ed2c7.jpgSpencer Platt/Getty Images (NEW YORK) -- JPMorgan is expected to agree to pay $750 million to resolve a probe into the so-called "London Whale" trades that lost the bank over $6 billion. JPMorgan's board met on Monday and will meet again on Tuesday to approve the fines, which could be announced this week. The bank did not give public comment on the private negotiations.

The bank announced the multi-billion-dollar losses last May and will pay the $750 million settlement to avoid fines from the Securities and Exchange Commission and the Office of the Comptroller of the Currency, says the New York Times. Additional fines could be levied by the Financial Conduct Authority, the British financial regulator.

JPMorgan has previously negotiated a $410 million settlement with the U.S. government after the bank was accused of manipulating energy costs in California and Michigan, reports the Times. Two former JPMorgan employees have been charged for allegedly covering up the bank's losses, says The Huffington Post.

Copyright 2013 ABC News Radio

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