JPMorgan Says Bank Is in Talks to Resolve Asia Hiring Probes
(Bloomberg) -- JPMorgan Chase & Co. said it is in talks with regulators to resolve investigations into the bank's hiring practices in Asia.
The discussions may not result in settlements, according to a regulatory filing Tuesday from the New York-based bank. The U.S. Justice Department and Securities and Exchange Commission have been investigating for more than three years whether the firm inappropriately hired the children of Chinese decision-makers to win business.
To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net. To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net, Steven Crabill, Dan Kraut
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