Posts tagged “JP Morgan Chase

The Week by the Numbers: November 17-23, 2013

By Matt Phifer

6 – Number of Times Jimmie Johnson has won the NASCAR Sprint Cup Series Championship

On November 17th, Jimmie Johnson won his sixth NASCAR Sprint Cup Series title with a ninth place finish in the season ending Ford EcoBoost 400 at Homestead-Miami Speedway, edging Matt Kenseth by 19 points in the final points standings.  Johnson, at 38, is the youngest six-time champion and trails only Richard Petty and Dale Earnhardt in number of championships.  (Petty and Earnhardt each won 7.)  Johnson’s six titles also come within an eight season span.  He won his first five consecutively from 2006-2010.

50 – Years since the Assassination of President John F. Kennedy

Friday marked the 50th anniversary of President John F. Kennedy’s assassination in Dallas.  Dallas marked the day with its first ever city-sponsored ceremony to pay tribute to Kennedy in Dealey Plaza, the place where Kennedy was gunned down 50 years before.   Kennedy family members paid their respects at Arlington National Cemetery, where the president is buried under an eternal flame.

$13 Billion – JPMorgan Chase’s Settlement with the Justice Department

On November 19th, the Justice Department announced a $13 billion settlement with JPMorgan Chase over a number of lawsuits connected to its sale of troubled mortgages that helped lead to the financial crisis.  The $13 billion amount is roughly half of the bank’s yearly earnings.  The settlement includes a $2 billion penalty, $7 billion of compensatory damages that will be tax deductible and $4 billion that will go toward consumer relief.  JPMorgan says they expect to meet their obligations by 2017.