JPMorgan Investigated for Bribery

RISKY BUSINESS

Updated Apr. 20, 2017 5:47PM EDT / Published Aug. 18, 2013 11:56AM EDT

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.

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JPMorgan Investigated for Bribery

Mark Lennihan/AP