Everbright Bank says nepotism played no role in JPMorgan hire: report

China Everbright Bank’s decision to hire JPMorgan Chase to underwrite its initial public offering in Hong Kong was not linked to the US bank hiring the son of a high-level executive linked to the Chinese firm, a spokesman for the Chinese bank told state media.

via Business feed http://www.scmp.com/business/banking-finance/article/1297998/everbright-bank-says-nepotism-played-no-role-jpmorgan-hire