How JPMorgan, Bank of America are cashing in on China Inc. — despite pressure from US lawmakers
The CEOs of JPMorgan and Bank of America are resisting a demand by US lawmakers to withdraw from underwriting this week’s $4 billion IPO for a China-based Hong Kong electric car battery company that a key Congressional committee alleges has ties to Beijing’s military, On The Money has learned.Staffers for the House Select Committee on China have even spoken directly to JPMorgan boss Jamie Dimon to prod him to drop out of the offering for a company that goes by the name CATL, sources said.The company is rega ...