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Top News Links: Tuesday, Oct. 6

Regions partners with start-up Fundation

In a deal that highlights the rising influence of Silicon Valley on finance, Regions Financial, which operates bank branches across 16 states, plans to partner with lending start-up Fundation to provide online loans to small businesses. The partnership, announced Monday, will give publicly traded Regions, valued at $11 billion, a new online banking presence. It will give Fundation access to Regions' small-business customers, which could double the start-up's revenue. – USA Today

BP settles Deepwater Horizon spill claims

The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The deal, once approved by a judge, would resolve all civil claims against BP and end five years of legal fighting over the 134 million-gallon spill. – CBS

Settlement presented in JeffCo bond fraud case

The Securities and Exchange Commission on Monday said it has reached a proposed settlement in a civil fraud lawsuit that claims two bankers paid $8.2 million to friends of Jefferson County officials so their company could obtain $5 billion in county bond business. – AL.com

Auburn’s football ticketing system raises eyebrows

Over the past two months, the Montgomery Advertiser has taken an exhaustive look through hundreds of pages of ticket office records, emails to and from donors, purchase orders, receipts, dozens of screenshots from AU’s internal ticket system and numerous documents originating from Auburn’s private donors’ club, Tigers Unlimited. In addition, the Advertiser conducted interviews with more than three dozen people, including top-level donors and Auburn officials. All to answer this question: What’s with Auburn’s football ticket system? – Montgomery Advertiser

DOJ asked to look into state office closings

Congresswoman Terri Sewell has asked the Department of Justice to investigate the closing of 31 driver’s licenses offices.  In a letter to U.S. Attorney General Loretta Lynch, Sewell said the closures disproportionately impacts residents in Alabama’s 7th Congressional District. – Selma Times Journal

Board ponders dual credit union membership

The board of directors for the League of Southeastern Credit Unions postponed taking any action last week on CUNA’s controversial decision to keep dual membership. After a planning meeting in Point Clear, the board discussed the issue at length and decided to survey the league’s member credit unions, Patrick LaPine, president/CEO of the Southeastern league, said Monday. – CUTimes

UA Business Analytics Lab set to open Oct. 14

The University of Alabama’s Culverhouse College of Commerce will officially open its Business Analytics Lab Oct. 14 at 3:30 p.m. in 250 Bidgood Hall. The grand opening event will include a ribbon cutting at 3:30 p.m. and analytics demonstrations on two 20-foot video boards from 3:30-5:15 p.m. – UA News

Tenet Healthcare joins with Baptist Health

Hospital giant Tenet Healthcare Corp. on Sunday said it has formed a joint venture with the Baptist Health System in Birmingham. Under terms of the deal, the joint venture includes all four of Baptist's hospitals as well as the Brookwood Medical Center, a Tenet hospital. According to reports, though Baptist had been nonprofit system, the new company will run as a for-profit business, like Tenet, which will own the majority stake in the company. – HealthCareFinanceNews.com

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