Posted on 11/02/2013 11:17:06 PM PDT by TigerLikesRooster
U.S. Inquiry Broadens Into JPMorgan’s Asia Hiring
By JESSICA SILVER-GREENBERG and BEN PROTESS
A federal investigation into the hiring practices of JPMorgan Chase has expanded beyond the borders of China, where the bank faces questions about whether it hired the children of powerful Chinese officials to win lucrative business there.
The bank disclosed in a securities filing on Friday that authorities were now looking into “its business relationships with certain related clients in the Asia Pacific region and its engagement of consultants in the Asia Pacific region.” JPMorgan did not specify where the inquiries were directed.
But according to people briefed on the matter, government authorities are examining JPMorgan’s hiring practices throughout Asia, focusing on South Korea, Singapore and India. That scrutiny comes after JPMorgan itself flagged those countries for further review, the people said.
(Excerpt) Read more at dealbook.nytimes.com ...
P!
Well, duh!
Since it is illegal to pay bribes, companies find other ways to ingratiate themselves. Hiring the offspring of important people is one way. Hiring people who are well connected is another.
Make that illegal and most senate children and spouses would lose their jobs too.
So, in the battle between evil entities have the Rothschilds paid off the current US thug gang to put a hit on Morgan? Nah. Just cosmetic harassment.
Chelsea Clinton can certainly relate to these offsprings of Chinese bigwigs.
Well, now that we have corruption and graft completely licked here, I suppose that now we can make deals between businesses and governments in other countries on the level, too!
</barfsarc>
Why I'm positive Chelsea got her job just based on merit < /S > .
What I want to know is what is their minority outreach program like in China? How many blacks have they hired? Hispanics? /sarc
Either looking for more campaign contributions or punishing them as a warning to others not to rock the boat.
You forgot "doing the bidding of Goldman Sachs."
And much of Wall Street.
Seems about the right time for Goldman Sachs to take over another failed company and consolidate power.
Can we send some banksters to jail?!?!?!? Sheesh.
Chelsea Clinton anyone?
Yep. Chuckie Schumer’s limo is already parked at the curb and Blankfein is issuing orders.
I forgot haw many lucrative contracts has O given out?.
Given that nobody from the banking industry will ever be charged criminally, maybe we can cut the BS and just put up a price list for various criminal activity (drug money laundering, terrorist financing, bribery...etc.) and just have them pay the “fine” ahead of time.
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