Civil Investigation: JPMorgan

JPMorgan: The Times said Sunday that details of the civil investigation were in a confidential U.S. government document that it saw. According to the document, the anti-bribery unit of the Securities and Exchange Commission asked JPMorgan for records about some of the banks hires in China, according to Times Colonist. JPMorgans Hong Kong office also hired the daughter of a Chinese railway official. The official was later detained on accusations of taking cash bribes in exchange for handing out government contracts, the Times reported, citing the U.S. document and public records and NEW YORK, N.Y. - U.S. regulators are looking into whether JPMorgan Chase hired the children of Chinese officials to help it boost its business in China, The New York Times reported. According to the Times, the document shows that the bank hired the son of a former Chinese banking regulator who is now chairman of the China Everbright Group, a state-controlled financial conglomerate. The paper reported that after the chairmans son joined the bank, JPMorgan won several assignments from Everbright. (www.immigrantscanada.com). As reported in the news.