JPMorgan’s ‘systemic bribery’ in China was so blatant the bank had an internal spreadsheet to track it
The bank agreed to pay another fine of more than $130 million to settle charges that it sought to influence Chinese government officials by hiring around 100 unqualified relatives through a "Sons and Daughters" program, which brought in an estimated $100 million in new business. That brings the total of fines paid by JPMorgan to $264 million.
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Dec 02, 2016