JPMorgan May Have Violated Bribery Law In Hiring Practice

JPMorgan Chase & Co (NYSE:JPM) is under the eyes of regulators in yet another case, according to a piece in the The New York Times today. The bank has been associated with preferential treatment in allocating jobs to the sons and daughters of powerful officials across Asia. The practice, which was an official program at JPMorgan Chase & Co (NYSE:JPM), may run afoul of laws designed to prevent bribing foreign governments.

The bank has not been accused of any specific wrongdoing in the case and it is cooperating with the government...