Wells Fargo sues JPMorgan, Meyer Chetrit

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, 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.
Wells Fargo Sues JP Morgan Over $481M CMBS Loan Originated in 2019
Wells Fargo filed suit against fellow banking giant J.P. Morgan Chase alleging false financial statements for a $481 million CMBS loan.
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 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.
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.
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.
JPMorgan staff are using a private chat to vent about the incoming RTO mandate — and share intel
Some JPMorgan employees awaiting details on RTO enforcement have received some clues from an internal document leak.
CIO Dive2d
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, ...
JPMorgan Employee Lawsuit Says Bank Overpaid for Prescription Drugs
The lawsuit alleges that JPMorgan breached its fiduciary duties under the Employee Retirement Income Security Act, the law that governs large employers’ benefit plans. The plaintiffs argue that ...
Why JPMorgan thinks recession fears aren't to blame for the stock market's pain — and why the worst of the sell-off may be over
Stocks have plunged in amid fears that tariffs will weigh on economic growth. Yet, there may be a more under-the-radar reason ...
Wells Fargo: A Strong Bank, But Is It A Good Buy Right Now?
Wells Fargo has improved efficiency and profitability but lacks significant revenue growth. Check out WFC stock's valuation ...