Reported 1 day ago
The U.S. House of Representatives Select Committee on China has issued subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan regarding their banks' involvement in underwriting the IPO of Chinese battery manufacturer CATL, which is alleged to have ties with the Chinese military. The committee has requested compliance by August 8, after claiming incomplete information was provided by the banks. This event highlights ongoing tensions between the U.S. and China over various issues.
Source: YAHOO