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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 ...

The Chetrit Group’s struggle with a $481 million loan dating back to before the pandemic is pushing two of the country’s biggest banks into a legal battle. Wells Fargo sued JPMorgan Chase and ...

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“The remaining properties that serve as collateral for the mortgage loan are worth far less than that outstanding amount,” the lawsuit states. Wells Fargo is asking the court to require J.P. Morgan to ...

Wells Fargo sued JPMorgan Chase on Monday, accusing the country’s biggest bank of failing to conduct due diligence on a $481 million commercial real estate loan. San Francisco-based Wells ...

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