Wells Fargo sues JPMorgan over troubled $481M real estate loan
Jonathan Stempel | Reuters Wells Fargo WFC.N sued JPMorgan Chase JPM.N on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind eye during due diligence … Read more