China Everbright Group

Type: Company
Name: China Everbright Group
First reported Apr 04 2014 - Updated Apr 04 2014 - 1 reports

JPMorgan Chase's China Syndrome: Nepotism

Doug Kanter/Bloomberg/ JPMorgan Chase ( JPM ) has spent much of the post-financial crisis years fending off lawsuits in the U.S. Even more so than fellow lawsuit targets from that era Citigroup ( C ), Bank of America ( BAC ), or Wells Fargo ( WFC ), JPMorgan ... [Published Daily Finance - Apr 04 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 1 reports

[I-bank focus]UBS cuts China Everbright (00165) to HK$12.1

] UBS cut its target price for China Everbright(00165) to HK$12.1 from HK$14.6, and retained its "buy" rating.The research house believes further narrowing of NAV discount (currently at 40%) forChina Everbright could be catalysed by any active group ... [Published etnet.com.hk - Apr 03 2014]
First reported Mar 31 2014 - Updated Mar 31 2014 - 1 reports

HK ICAC searches office of former JPMorgan top China banker-media

Hong Kong's anti-corruptionagency searched an office belonging to a top JPMorgan Chase & Cobanker in the city who recently resigned, amid a U.S.investigation into the bank's hiring practices, according tomedia reports. HONG KONG, March 31 The Independent ... [Published Reuters - Mar 31 2014]
First reported Mar 30 2014 - Updated Mar 30 2014 - 1 reports

Hong Kong watchdog said to search JPMorgan office

Hong Kong’s anti-corruption agency reportedly searched a JPMorgan Chase & Co office in the territory on Wednesday last week amid a US investigation into the bank’s hiring practices, according to two people with knowledge of the matter.The Independent ... [Published Taipei Times Online - Mar 30 2014]
First reported Mar 30 2014 - Updated Mar 30 2014 - 1 reports

Hong Kong ICAC Said to Search Outgoing JPMorgan CEO’s Office

(Adds background on U.S. investigation in fourth paragraph, Fang’s employment history in fifth.)March 30 (Bloomberg) -- Hong Kong’s anti-corruption agency searched a JPMorgan Chase & Co. office in the city March 26 amid a U.S. investigation into the bank’s ... [Published Washington Post - Mar 30 2014]
First reported Mar 24 2014 - Updated Mar 26 2014 - 2 reports

Dimon's Fang Fang Surreptitiously Retires; JP Morgan Again In Possible Violation Of FCPA

SummaryMr. Fang, J.P. Morgan's top investment banking executive in China, announced his retirement amid allegations of the bank's violation of the Foreign Corrupt Practices Act. Regulators are investigating whether Mr. Fang was involved in the hiring ... [Published Seeking Alpha - Mar 25 2014]
First reported Mar 25 2014 - Updated Mar 25 2014 - 1 reports

UBS’ Chee returns to work following hiring inquiry

Chee began work again this week, according to a spokesperson for the bank. It is also understood that Sharlyn Wu, who worked for Chee and was also placed on a leave of absence in relation to the inquiry, has not yet started work again.The two were suspended ... [Published GlobalCapital - Mar 25 2014]
First reported Mar 24 2014 - Updated Mar 25 2014 - 1 reports

Top JPMorgan Executive In China To Retire As Bank's Hiring Process In Asia Is Investigated

Fang Fang, CEO of New York-based JPMorgan's investment-banking arm in China, and the vice chairman of its investment-banking operations in Asia, has been associated with the company for almost a decade, and the bank is expected to make an internal announcement ... [Published International Business Times - Mar 24 2014]
First reported Mar 24 2014 - Updated Mar 25 2014 - 11 reports

JPMorgan China investment banking chief resigns

The headquarters of JP Morgan Chase & Co in New York. Photograph: Mike Segar/ReutersThe chief executive of JP Morgan Chase’s China investment banking arm is leaving, according to an internal memo disclosed on Monday. His departure comes amid a US investigation ... [Published Guardian.co.uk - Mar 24 2014]
First reported Mar 24 2014 - Updated Mar 24 2014 - 1 reports

Top Chinese JPMorgan exec leaving amid probe

Fang Fang, who served as chief executive of JPMorgan's China investment banking unit before being appointed to vice chairman of investment banking for all Asia in 2009, "has informed us of his desire to retire," said a memo from Therese Esperdy, co-head ... [Published XinMsn - Mar 24 2014]
First reported Dec 09 2013 - Updated Dec 09 2013 - 2 reports

J.P. Morgan Emails Note Hire's Family Ties

The messages suggest the bank considered a prospective hire's connections to China Everbright Group and potential business with that company. ... [Published WSJ.com: What's News Asia - Dec 09 2013]

Quotes

...regulator is concerned that the bank might be violating the Foreign Corrupt Practices Act, a fairly stringent set of rules making it illegal for "certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business."
As for Fang: "Fang quit the bank as he wants to spend more time with his family, a person with knowledge of the matter said earlier." Depending on how strong of a message Obama's political circle wants to send Jamie Dimon, Fang may soon be out of luck with the whole "spending time with...
"During his time with JPMorgan, the firm has become one of the most influential investment banks in China that can rightfully claim leadership in terms of product capabilities, depth of client franchise and the strength of our team" Esperdy said

More Content

All (29) | News (27) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
JPMorgan Chase's China Syndrome: Nepotism [Published Daily Finance - Apr 04 2014]
[I-bank focus]UBS cuts China Everbright (00165)... [Published etnet.com.hk - Apr 03 2014]
China Everbright Bank sees profit up 13% in 2013 [Published China Knowledge Online - Apr 01 2014]
HK ICAC searches office of former JPMorgan top ... [Published Reuters - Mar 31 2014]
Hong Kong watchdog said to search JPMorgan office [Published Taipei Times Online - Mar 30 2014]
Office Of Outgoing JPMorgan Asia CEO Raided By ... [Published Zero Hedge - Mar 30 2014]
Hong Kong ICAC Said to Search Outgoing JPMorgan... [Published Washington Post - Mar 30 2014]
Dimon's Fang Fang Surreptitiously Retires; JP M... [Published Seeking Alpha - Mar 25 2014]
UBS’ Chee returns to work following hiring inquiry [Published GlobalCapital - Mar 25 2014]
JP Morgan China IB head Fang steps down [Published GlobalCapital - Mar 25 2014]
JPMorgan’s China investment banking CEO Fang F... [Published Macau Daily Times - Mar 25 2014]
JPMorgan Banking Exec Retires Amid Ongoing Hiri... [Published Wall St. Cheat Sheet - Mar 24 2014]
JPMorgan China investment banking chief resigns [Published Guardian.co.uk - Mar 24 2014]
JPMorgan China CEO Fang Fang to depart firm [Published Taipei Times Online - Mar 24 2014]
Top Chinese JPMorgan exec leaving amid probe [Published XinMsn - Mar 24 2014]
Top JPMorgan China Banker Resigns Amid Hiring P... [Published Value Walk - Mar 24 2014]
Report: Top JPMorgan China Banker Fang To Exit ... [Published FOXBusiness.com - Mar 24 2014]
JP Morgan’s Investment Banking CEO for China Re... [Published Bidness Etc - Mar 24 2014]
UPDATE 2-JPMorgan top China banker Fang to leav... [Published CNBC - Mar 24 2014]
Top JPMorgan exec in China resigns amid hiring ... [Published Seeking Alpha - Mar 24 2014]
Top JPMorgan Executive In China To Retire As Ba... [Published International Business Times - Mar 24 2014]
Fang Fang, JP Morgan’s departing China exec, ep... [Published Quartz - Mar 24 2014]
JPMorgan top China executive close to departing... [Published Fidelity Brokerage Services LLC - Mar 24 2014]
UPDATE 1-JPMorgan top China executive close to ... [Published CNBC - Mar 24 2014]
JPMorgan top China executive close to departing... [Published India Everyday - Mar 24 2014]
JPMorgan top China executive close to departing... [Published Fidelity Brokerage Services LLC - Mar 24 2014]
JPMORGAN CHASE : top China executive close to d... [Published 4 Traders - Mar 24 2014]
J.P. Morgan Emails Note Hire's Family Ties [Published WSJ.com: What's News Asia - Dec 09 2013]
J.P. Morgan Emails Note Hire's Family Ties [Published WSJ.com: What's News US - Dec 09 2013]
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Office Of Outgoing JPMorgan Asia CEO Raided By ... [Published Zero Hedge - Mar 30 2014]
It just hasn't been JPMorgan's year. Or several years for that matter. The bank which has been on a steady downward slope when it comes to paying billions in quarterly "non-recurring, one-time" legal settlements and charges, and for which engaging in ...
JPMorgan Banking Exec Retires Amid Ongoing Hiri... [Published Wall St. Cheat Sheet - Mar 24 2014]
Amid a United States government-led investigation into the banking hiring practices in Asia, Chief Executive Officer Fang Fang of JPMorgan Chase’s ( NYSE:JPM ) investment banking unit in China has ended his twelve-year tenure. As Bloomberg learned ...
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