JPMorgan Investigated for Bribery

    FILE -  In this Oct. 10, 2008 file photo, a man walks into a JP Morgan Chase & Co. building in New York's financial district. Since the financial crisis, JPMorgan Chase has a long list of legal challenges beyond the $6 billion trading loss known as the "London Whale" . (AP Photo/Mark Lennihan, file)

    Mark Lennihan/AP

    JPMorgan: check yourself before you wreck yourself. The behemoth 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 it at Reuters