JPMorgan Says French Authorities Examining Role in Wendel Deal

JPMorgan Chase & Co. said French criminal authorities are investigating its role in transactions by some senior managers of Wendel Investissement.

JPMorgan’s Paris branch provided financing to Wendel managers in 2007 to restructure their holdings in the French investment firm, JPMorgan said Tuesday in a regulatory filing. The New York-based bank said it was notified in April of the probe and that it’s cooperating with authorities.

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