JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.

Due to the small market shares of the participating companies, there are no affected markets, and no impacts are expected, according to the decision of the Competition Committee.

The group has entered into three new agreements.

They will receive fast-track licensing and Special Spatial Plans for Strategic Investments (ESCHASE).