May 30 Los Angeles on Friday sued JPMorgan Chase
& Co, accusing the largest U.S. bank of engaging in
discriminatory mortgage lending practices that drove up
The second most populous U.S. city said it is seeking
damages for reduced property tax revenue and the higher cost of
providing services, both of which it attributed to the
Los Angeles said it had sued Bank of America Corp,
Citigroup Inc and Wells Fargo & Co, the next three
largest U.S. banks, in December. Friday's lawsuit was filed in
Los Angeles federal court.
JPMorgan was not immediately available for comment.
(Reporting by Jonathan Stempel in New York; Editing by Chris