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)
  • Stone Fox Capital
    , contributor
    Comments (10292) | Send Message
    MET has a retail baking business?
    2 Nov 2012, 06:14 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2087) | Send Message
    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
    , contributor
    Comments (292) | Send Message
    So is JPM going to compete with Panera Bread in retail baking ?
    3 Nov 2012, 11:54 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4911) | Send Message
    Now they really are TBTF!!!
    3 Nov 2012, 11:40 PM Reply Like
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