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JPMorgan (JPM) is buying MetLife's (MET) $70B bank mortgage servicing portfolio for an...

Friday, November 2, 2012, 5:30 PM ET
JPMorgan (JPM) is buying MetLife's (MET) $70B bank mortgage servicing portfolio for an undisclosed sum. The deal boosts the size of Chase's $1.1T Servicing business by over 5%. MetLife says its entire retail banking business made up less than 2% of its 2011 operating income. (PR)

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This news story has 4 comments:

Stone Fox Capital Comments (4551)

MET has a retail baking business? sweet...lol

2 Nov 2012, 06:14 PM Reply Like

Brian Bobbitt Comments (1347)

THIS makes me VERY happy, I don't like my insurance company messing around with banking. I have been concerned about my REITs and LTC ins, but now, with that risk gone, I feel much better, and will prolly add more to my annuities with Met Life.

Capt. Brian
The Lost Navigator

2 Nov 2012, 11:55 PM Reply Like

johnofarizonaoregon Comments (217)

So is JPM going to compete with Panera Bread in retail baking ?

3 Nov 2012, 11:54 AM Reply Like

TomasViewPoint Comments (4245)

Now they really are TBTF!!!

3 Nov 2012, 11:40 PM Reply Like

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