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A third confidant of Benjamin Netanyahu has agreed to turn state witness and testify against the prime minister, who faces a wave of corruption allegations, Israeli media reported Monday. Various outlets say longtime Netanyahu family spokesman Nir Hefetz agreed to testify in return for a more lenient punishment. He joins Shlomo Filber, another long-time aide, enmeshed in scandal. Both are under arrest on suspicion of promoting regulation worth hundreds of millions of dollars to Israel’s Bezeq telecom company in return for favorable coverage of Netanyahu and his family by the firm’s popular news website. Israeli police have recommended indicting Netanyahu for bribery, fraud and breach of trust in two separate cases. Longtime aide Ari Harow is a state witness in one of those.

South Korea’s Constitutional Court, on Friday, upheld the motion to impeach president Park Geun-hye. Acting Chief Justice Lee Jung-Mi read the ruling on the impeachment in a nationwide televised broadcast saying the Court’s decision by the eight justices was unanimous.

outh Korean law stipulated that the ruling has immediate effect – which means Park Geun-hye has been impeached and ousted from the presidency with immediate effect. She will be required to leave the presidential residence  – the Blue House – as soon as possible. A presidential election will be held in 60 days.

Since the December 9 adoption of the impeachment bill in the National Assembly, a total of 20 hearings had been held in the court. It took 92 days before the court’s final decision. Park will now possibly be subject to indictment and detention by prosecutors as she lost her presidential immunity following the court’s ruling. Prosecutors have identified Park as an accomplice of her longtime confidante Choi Soon-sil, who is at the center of a corruption scandal that led to Park’s impeachment for multiple charges including bribery, abuse of privileged information and nepotism. Having been impeached, Park will be stripped of most of the privileges granted to former presidents, including a monthly pension worth 12 million won or 10,400 U.S. dollars –  to 13 million won per month, one paid chauffeur and three paid secretaries. Free medicine and costs for a personal office will not be given to the impeached leader either. Moreover, the period during which she will have a special presidential security detail will be reduced from ten to five years.

JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the manipulation of global markets for metals and Treasurys.The figure was released Tuesday morning by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz. Last week, news reports indicated that the New York-based bank was nearing a settlement of almost $1 billion.The penalty is a record for spoofing, which is when sophisticated traders flood markets with orders that they have no intention of actually executing. The practice was banned after the 2008 financial crisis and regulators have made it a priority to stamp out.Of the $920 million, $436.4 million is a criminal monetary penalty, $172 million is a “criminal disgorgement amount” and $311.7 million is for victim compensation, according to the Department of Justice.

JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the manipulation of global markets for metals and Treasurys.The figure was released Tuesday morning by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz. Last week, news reports indicated that the New York-based bank was nearing a settlement of almost $1 billion.The penalty is a record for spoofing, which is when sophisticated traders flood markets with orders that they have no intention of actually executing. The practice was banned after the 2008 financial crisis and regulators have made it a priority to stamp out.Of the $920 million, $436.4 million is a criminal monetary penalty, $172 million is a “criminal disgorgement amount” and $311.7 million is for victim compensation, according to the Department of Justice.

The bank, the biggest U.S. lender by assets, has entered into a deferred prosecution agreement with the DOJ that will expire in three years if the firm satisfies its obligations under the deal.