Regulators in the United States have widened their investigation into the hiring practices of leading Wall Street firms in China, Bloomberg News said Monday, citing a report by the New York Times. Goldman Sachs Group Inc., Deutsche Bank A.G., Citigroup Inc., Morgan Stanley and Zurich-based Credit Suisse Group A.G. are facing investigations, which are at an early stage, the Times reported. Earlier, the newspaper reported that US authorities were investigating JPMorgan Chase & Co. over its hiring program. The probers were trying to find out if JPMorgan violated anti-bribery laws by hiring the children and other relatives of well-connected politicians and clients in China in exchange for having business awarded to the firm, Bloomberg said.
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