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KJJP-FM 105.7 is currently operating at very reduced power and signal range using a back-up transmitter. This is because of complicated problems with its very old primary transmitter. Local engineers are currently working on that transmitter and consulting with the manufacturer to diagnose and fix the problems. We apologize for this disruption and service as we work as quickly as possible to restore KJPFM to full power. In the mean time you can always stream either the HPPR mix service or HPPR connect service using the player above or the HPPR app.

U.S. Banker Arrested On Fraud Charges In London

Published September 27, 2012 at 3:00 AM CDT

STEVE INSKEEP, HOST:

NPR's business news starts with a white collar arrest.

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INSKEEP: An American banker accused of hiding mortgage security losses during the financial crisis was arrested in London yesterday and is facing extradition to the United States.

Kareem Serageldin, a former senior trader for Credit Suisse is the highest level Wall Street executive to be charged in a case related to the 2008 financial meltdown. Prosecutors say Serageldin masterminded a scheme to boost bonuses by falsifying trading records worth hundreds of millions of dollars. Transcript provided by NPR, Copyright NPR.