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Wells Fargo sues JPMorgan over troubled $481 million real estate loan

By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase 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 in pursuit of millions
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