Former Top JPMorgan Executive Arrested

Former Top JPMorgan Executive Arrested

Via AFP:

A Chinese ex-JPMorgan Chase executive has been arrested in Hong Kong, according to reports, after he resigned in March as US regulators probe whether the bank broke anti-bribery laws by hiring friends and family of top officials to win contracts.

Fang Fang, the former vice chairman of investment banking for Asia, was held by the Independent Commission Against Corruption, Dow Jones Newswires and the respected Chinese financial news outlet Caixin said.

The 48-year-old stepped down this year as the firm faces an investigation by the US Department of Justice and Securities and Exchange Com...

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