Bloomberg News

JPMorgan, Wells Fargo Bear $5.3 Billion Shares of Mortgage Deal

February 09, 2012

Feb. 9 (Bloomberg) -- JPMorgan Chase & Co. and Wells Fargo & Co. said their share of banks’ commitments in a state and federal foreclosure settlement amount to $5.3 billion apiece.

Wells Fargo announced its part of the $26 billion accord in a statement today. Kristin Lemkau, a spokeswoman for New York- based JPMorgan, disclosed its share of the deal in an interview.

To contact the reporter on this story: Dawn Kopecki in New York at dkopecki@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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