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JPMorgan Secretly Hired Daughter of Wen Jiabao: Report

The New York Times is reporting JPMorgan Chase secretly employed the daughter of Wen Jiabao, who until recently was China's prime minister and main overseer of the world's second largest economy.The Thursday report comes as the U.S. government investigates whether the bank hired the children of powerful Chinese officials to help win lucrative business deals with the country's state-owned companies.The Times says JPMorgan paid $1.8 million from 2006 to 2008 to a relatively obscure...

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