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Market Chatter: Wells Fargo Sues JPMorgan to Recover Investor Losses in $481 Million CRE Loan
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Market Chatter: Wells Fargo Sues JPMorgan to Recover Investor Losses in $481 Million CRE Loan
Mar 10, 2025 11:26 AM

02:10 PM EDT, 03/10/2025 (MT Newswires) -- Wells Fargo ( WFC ) on Monday sued JPMorgan Chase ( JPM ) in an effort to recover investor losses stemming from a $481 million commercial real estate loan, alleging it was based on a fraudulent financial metric, Reuters reported.

Wells Fargo ( WFC ) and JPMorgan ( JPM ) did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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