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RISKY BUSINESS JPMorgan Investigated for Bribery Mark Lennihan/AP

JPMorgan Investigated for Bribery

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.

August 18, 2013 11:56 AM