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JPMorgan discloses wider probes of hiring, currency trading
Source: Reuters
JPMorgan discloses wider probes of hiring, currency trading
Fri Nov 1, 2013 8:52am EDT
(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.
The company also said that it is being questioned about its currency trading by various authorities, which are in the early stages of their investigations.
Other big banks have made similar disclosures recently about probes of possible manipulation of foreign exchange rates.
JPMorgan also gave more details about U.S. government investigations into the bank's relationship with convicted Ponzi schemer Bernie Madoff. Two government offices, the U.S. Attorney's Office for the Southern District of New York and the Office of the Comptroller of the Currency, are currently looking into the ties between Madoff and the bank.
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Fri Nov 1, 2013 8:52am EDT
(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.
The company also said that it is being questioned about its currency trading by various authorities, which are in the early stages of their investigations.
Other big banks have made similar disclosures recently about probes of possible manipulation of foreign exchange rates.
JPMorgan also gave more details about U.S. government investigations into the bank's relationship with convicted Ponzi schemer Bernie Madoff. Two government offices, the U.S. Attorney's Office for the Southern District of New York and the Office of the Comptroller of the Currency, are currently looking into the ties between Madoff and the bank.
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Read more: http://www.reuters.com/article/2013/11/01/us-jpmorgan-disclosure-idUSBRE9A00FC20131101
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