JPMorgan Math Nonsense to MetLife in CPI Spat

JPMorgan Math Nonsense to MetLife in CPI Spat

Scott Eells/Bloomberg

The local unit of the largest U.S. life insurer is suing JPMorgan Chase & Co. to recoup $107 million in losses on notes securitized by the lender, claiming the biggest U.S. bank by assets used government inflation data that is estimated to be less than half the actual rate to value the debt.