Insurance Regulator: JPMorgan

JPMorgan: The latest media report comes even as Wall Street's practice of hiring family and friends of China's ruling elite continues to attract the attention of regulators. U.S. authorities have been looking into the hiring practices of several banks and hedge funds, focusing on those related to well-connected foreign officials with the intent of securing business. , according to Reuters. At the time of that meeting, JPMorgan was seeking lucrative work from Chinese insurance companies, the newspaper said. However, it said the timing of the applicant's internship at the bank may have had no connection to JPMorgan's business with the Chinese insurance industry, some of which the bank secured before the meeting. The applicant played no role in those deals, the paper said. n" - China's top insurance regulator directly asked JPMorgan Chase Co JPM.N: Quote CEO Jamie Dimon to hire a family friend as a "favor", The New York Times reported, citing a confidential email. Dimon met the applicant, described by The New York Times as "a young woman", in June 2012. At that meeting in New York, the applicant acted as an interpreter for the Chinese insurance regulator Xiang Junbo, according to the report. (www.immigrantscanada.com). As reported in the news.