U.S. Regulator Questions JPMorgan Hires

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Aug. 19 (Bloomberg) –- Bloomberg's David Ingles reports on the investigation of JPMorgan over the hiring of a few employees in China. He speaks with Susan Li and Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

It is not what their employees did that who their employees are.

Let's bring in david ingress -- engles.

The chairman of everright, his child was employed.

He is no longer there.

She is a daughter of the chairman.

They are jostling for position to get part of the underwriting.

It is one of the examples.

The anti-bribery unit of the u.s. is now investigating a lot of china hires a jpmorgan.

Hiring children of top chinese officials and whether that anything to do with the fact of securing of businesses and projects related to the company of the parents of those hires.

Imagine the doctor of the chairman.

My mistake here at -- daughter of the chairman.

My mistake here.

The report said both are no longer with jpmorgan.

Jpmorgan itself hasn't really made this public.

They mention they are under investigation and china for their hiring processes eared the spokesperson came out and said we have disclosure.

No names were given.

The bank is not accused of any wrongdoing.

Is a very trained deke -- it is a very tricky situation.

It happens everywhere.

You scratch my back and i scratch yours.

Any industry is very keen to hire anyone who is did to what ever will suit their interests.

It is just like hiring a lobbyist in washington.

They way you go about hiring that person is critical.

Let's be clear.

This is something that happens at every company.

Every company, every industry, every country.

It happens at schools.

This text has been automatically generated. It may not be 100% accurate.

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