JPMorgan Chase sued over $481M commercial real estate loan

Wells Fargo sues JPMorgan over troubled $481 million real estate loan
The lawsuit pits the fourth-largest US bank against the largest, with Wells Fargo accusing JPMorgan of pursuing millions of dollars in fees.
Wells Fargo sues JPMorgan over $481M CRE loan
JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.
JPMorgan Chase sued over $481M commercial real estate loan - report
Wells Fargo & Company (WFC) filed a lawsuit against JPMorgan Chase (JPM) in connection with a $481M commercial real estate loan, Reuters reported, citing a complaint in the Manhattan federal court.
Wells Fargo Sues JPMorgan Over Failed $481 Million Property Loan
Wells Fargo & Co. sued JPMorgan Chase & Co. over a defaulted $481 million commercial real estate loan, claiming JPMorgan allowed the loan to move forward despite knowing financial statements distributed to investors were false.
Wells Fargo Sues JPMorgan Over Failed $481M Real Estate Loan
Wells Fargo & Company WFC has filed a lawsuit against JPMorgan Chase JPM to recover investor losses stemming from a troubled $481-million commercial real estate loan that was based on a fraudulently inflated financial metric.
Wells Fargo sues JPMorgan, Meyer Chetrit over $481M allegedly inflated mortgage
Wells Fargo sued JPMorgan and Meyer Chetrit, alleging the lender and borrower on a national multifamily deal knew a $481 million mortgage was fraudulent.
CIO Dive11h
Wells Fargo taps Discover IT executive to lead branch and ATM tech division
Wells Fargo executives welcomed Heather Blair to the bank’s technology team Monday. Blair was tapped for the role of CIO in ...
Why JPMorgan Chase, Wells Fargo, and American Express Plunged Today
Wells Fargo (NYSE: WFC), and Warren Buffett holding American Express (NYSE: AXP) were all down significantly on Monday, ...
Why Bank Stocks JPMorgan Chase and Wells Fargo Fell Today
Shares of the bank stocks JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) fell 1.7% and 2.2%, respectively, for no ...
CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud
The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...
CNET on MSN2d
Chase Will Soon Block Certain Zelle Charges. Here's What You Need to Know
Zelle and other digital payment apps, such as Venmo and Cash App, make it easy for scammers to get your money, and many ...