BUSINESS
11/01/2013 08:35 am ET | Updated Nov 01, 2013

JPMorgan Has Even More Problems Than We Thought

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.

The company also said that it is being questioned about its currency trading by various authorities, which are in the early stages of their investigations.

Other big banks have made similar disclosures recently about probes of possible manipulation of foreign exchange rates.

The company made the statements in a quarterly filing with the U.S. Securities and Exchange Commission.

(Reporting by David Henry and Peter Rudegeair in New York)

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