US banking giant JP Morgan Chase has agreed to pay a fine of $75m (£45.3m) to settle charges that it bribed local officials in the US state of Alabama.
As part of the settlement with US regulators, the bank also agreed to forfeit $647m in fees. It did not, however, admit or deny the charges.
The regulator has accused two former directors of making payments of $8m to friends of Jefferson County officials.
The county then selected JP Morgan to underwrite its bond offerings.
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