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

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)
Comments (4)
  • MET has a retail baking business? sweet...lol
    2 Nov 2012, 06:14 PM Reply Like
  • 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
  • So is JPM going to compete with Panera Bread in retail baking ?
    3 Nov 2012, 11:54 AM Reply Like
  • Now they really are TBTF!!!
    3 Nov 2012, 11:40 PM Reply Like
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