JPMorgan fined for hiring China elite's kids 
Banking major JPMorgan Chase has been fined $264 million by US regulators for improperly hiring "unqualified" children of China's elite to win businesses from them, authorities have alleged. The bank "corruptly influenced government officials" with internship programme in China. "The so-called Sons and Daughters programme was nothing more than bribery by another name," they added.