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Musk blames X outage on cyberattack, Wells Fargo sues JPMorgan over troubled $481 million real estate loan
Wells Fargo sued JPMorgan Chase 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 of dollars in fees.
