A U.S. banking regulator’s probe into JPMorgan’s (JPM.N) hiring practices in China will have rival banks scrambling to review their own records, lawyers say, in a market where ties to political and business leaders can be key to winning big deals. Banks around the world commonly hire people with government […]
Tag: China
China probe is latest legal headache for JPMorgan
A federal bribery investigation into whether JPMorgan Chase & Co. hired the children of key Chinese officials to help it win business is just the latest in a series of legal and regulatory headaches for Chief Executive Jamie Dimon. Dimon piloted the bank through the financial crisis, but it is […]
Shares grind up ahead of Fed minutes, euro off lows
World shares pushed to three-week highs on Wednesday as weak Chinese data sparked talk of monetary easing in Beijing, while the dollar dipped as markets awaited minutes from last month’s Federal Reserve meeting. Europe’s broad FTSEurofirst 300 (.FTEU3) share index was up 0.1 percent by 0745 GMT (3.45 a.m. EDT) […]
