JPMorgan is being investigated once again – this time over U.S. bribery charges alleging that the company hired the children of influential Chinese leaders to help it win business in China.
In one example, the company landed a massive deal to make a railway in China public after hiring one of the railway official’s daughters. The scandal comes less than a week after two Ex-JPMorgan employees were indicted for their involvement in the company’s 2012 “London Whale” incident, which resulted in trading losses of over $6 billion. Read more at Reuters.
{Andy Heller-Matzav.com Newscenter}
