10 things you need to know today: October 20, 2013

The Red Sox advance to the World Series, JPMorgan nears a $13 billion mortgage deal with the U.S., and more

Boston Red Sox
(Image credit: (Jared Wickerham/Getty Images))

1. JPMorgan nears $13B mortgage deal with U.S.

JPMorgan Chase and the Justice Department have reached a tentative $13 billion settlement over the bank’s questionable mortgage practices leading up to the financial crisis. It would be a record penalty that would cap weeks of heated negotiating and underscore the bank’s legal woes. The deal would resolve an array of investigations into the bank’s sale of subprime mortgage investments, which were at the heart of the financial crisis. [The New York Times]

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Terri is a freelance writer at TheWeek.com. She's a graduate of Northwestern's Medill School of Journalism and has worked at TIME and Brides. You can follow her on Twitter.