In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Originally published on Tue November 19, 2013 5:38 pm
In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.
The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.
Originally published on Tue November 19, 2013 4:50 pm
Toronto Mayor Rob Ford was thrust into the international spotlight after he admitted to smoking crack. Since then, a caricature of the politician has emerged: a bumbling, error-prone addict, whose everyman persona has helped him maintain his popularity in Canada's most populous city.
An Afghan soldier stands guard in the western city of Herat in October. U.S. Maj. Gen. James McConville, who commands coalition forces in eastern Afghanistan, says Afghan forces did hold their ground this year, but "they're not winning by enough that the enemy is willing to stop fighting yet."
Shiite Muslims gathered in Kabul last week to celebrate Ashura, one of the holiest days on their religious calendar. Hundreds of shirtless men chanted and flogged themselves with chains tipped with knife-like shards of metal.
In the past, these public Shiite commemorations have become targets of the Taliban and other Islamist extremists. In 2011, a suicide bomber killed 56 Shiites marking Ashura. But this year, security was particularly tight.
Shopkeeper Noor Aga said the celebration was magnificent, and he felt safe.
Tesla Motors Chairman and CEO Elon Musk (in driver's seat) and chief designer Franz von Holzhausen (in passenger seat) drive the new Tesla Model S all-electric sedan in Hawthorne, California on March 26, 2009.