Banks will not end connected hiring

Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.

via Business feed http://www.scmp.com/business/banking-finance/article/1310591/banks-will-not-end-connected-hiring