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posted by cmn32480 on Friday November 18 2016, @05:17PM   Printer-friendly
from the #drainwallstreet dept.

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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  • (Score: 2) by RamiK on Friday November 18 2016, @06:40PM

    by RamiK (1813) on Friday November 18 2016, @06:40PM (#428999)

    My grandfather was king. Therefore he must have earned it. If he hasn't earned it, he wouldn't have been king.
    Similarly, I am a member of the royal family. Therefore, I earned the right to be king too because my family earned that right.

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