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Bloomberg reports that a settlement has been reached after the U.S. Department of Justice investigated indications that
[...] JPMorgan employees at the bank's Hong Kong subsidiary sought to maximize profits by providing jobs and internships to children of individuals it hoped to do business with.
The settlement provides that the bank will pay around $264 million, and that the investigation will be ended with no prosecution.
"[A]t least five other" undisclosed banks are under investigation for possible violations of the Foreign Corrupt Practices Act.
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JPMorgan Chase to pay ~$264 Million in Settlement
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Oh, that sound of male ego. You travel halfway across the galaxy and
it's still the same song.
-- Eve McHuron, "Mudd's Women", stardate 1330.1
(Score: 0) by Anonymous Coward on Friday November 18 2016, @06:15PM
Well human nature has us protecting and helping this close to us, it is the basis of community / society. The best solution is to fix our economic systems so that such behavior has minimal impact. No one should NEED to get their son a decent job. This is an easily fixed scenario, but way too much of humanity is caught up with greed.
(Score: 0) by Anonymous Coward on Friday November 18 2016, @06:50PM
> This is an easily fixed scenario, but way too much of humanity is caught up with greed.
You have a really interesting definition of "easy."