People walk inside JP Morgan headquarters in New York, October 25, 2013. REUTERS/Eduardo Munoz
HONG KONG (Reuters) - JPMorgan paid $1.8 million over two years to a small consulting firm run by the daughter of former Chinese Premier Wen Jiabao, The New York Times reported on Thursday, a relationship that is part of a wider U.S. probe into the Wall Street bank's hiring practices in the region.
Citing documents, public filings and interviews, the newspaper said JPMorgan had a $75,000 a month contract with a consultancy run by Lily Chang, which appeared to have only one other employee. The paper said Chang is the alias of Wen Ruchun, the only daughter of Wen Jiabao, who as premier had oversight of financial institutions at the time of the contract.
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