...and whether or not they were part of a 'you scratch our back, we'll scratch yours' type situation its peers (allegedly!) had going on.
Barclays PLC on Tuesday became the latest bank to disclose that U.S. authorities are investigating its hiring practices in Asia, part of a wider probe into banks’ recruitment of friends and family members of government officials and top executives in the region. In its latest annual report, the British bank said it is cooperating with the Securities and Exchange Commission and the Justice Department in “an investigation into certain of its hiring practices in Asia.” Around 10 banks in the U.S. and Europe have said they are being investigated by U.S. agencies over aspects of their foreign recruiting. Last week, HSBC Holdings PLC, said it had received information requests from the SEC on their practices around job candidates with ties to Asian government officials.
Related: JP Morgan Just Coincidentally Hired 222 Friends And Family Members Of Officials At Chinese Companies It Took Public; Wait, Is It Not Typical Of JPMorgan To Hire People People Who Send “Sexually Explicit Emails” To HR And Are Described As “The Worst…Candidate Ever”?