Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts

Monday, August 19, 2013

JP Morgan in Bribery Probe for China Hiring Practices





JP Morgan is under scrutiny by the US Securities and Exchange Commission, because of questionable hiring practices in China.

Due to China's business and political environments, companies with the right personal connections, or "guanxi" can sometimes gain a competitive advantage. But the SEC is investigating to see whether JP Morgan has gone too far, and violated bribery laws by hiring the children of state-owned company executives, in order to win contracts.

Watch Mike Chen as he discusses the practice of hiring the children of officials or executives in China, and when this may be a problem.

Wednesday, August 14, 2013

JP Morgan Caught Cooking The Books

Prosecutors have pointed to internal failings at America's largest bank that ultimately cost it more than $6 billion in losses



Former JP Morgan staffers charged of trade mulit-billion trade loss cover up

Two former employees of a major US bank have been charged in relation to the so called London Whale trading scandal. Both Javier Martin-Artajo, and Julien Grout are accused of trying to cover up last year's $ 6.2 billion derivatives trading loss and have been charged in both criminal and civil court with falsifying documents and wire fraud. They worked in JP Morgan Chase's chief investment office. Al Jazeera's Kristen Saloomey reports from New York, US.




Wednesday, July 31, 2013

Was the Titanic deliberately sunk by JP Morgan?

Was the Titanic deliberately sunk by JP Morgan?



Everything could be and might be involved in a cover up on big projects of this size.I would never rule anything out in those days.Just look at today in shipping and road and aircrafts, same applies to this never mind ships.Anything to cut corners and safety it was worse in the early days of shipping even right up to now.Insurance scams sinking of ships changing names of ships and color you name it has been done.So titanic no exception to the rule.