'BLINK, BLINK, NOD, NOD': Highlights after JPMorgan agrees to pay $US264m to settle bribery case

JPMorgan on Thursday agreed to pay more than $264 million to US authorities to settle charges that it bribed officials in the Asia-Pacific region to win business, ending a nearly three-year-long investigation.

The charges alleged that JPMorgan gave jobs and internships to friends and family of corrupt government officials, which would be a violation of the Foreign Corrupt Practices Act.

“During a seven-year period, JPMorgan hired approximately 100 interns and full-time employees at the request of foreign government officials, enabling the firm to win or retain business resulting in more than $100 million in revenues to JPMorgan,” the Securities and Exchange Commission wrote in a press release.

Following the announcement, the SEC released documents used to argue its case.

Here are some of the highlights (h/t Ben McLannahan from the Financial Times):





NOW WATCH: The real estate tricks billionaires use to sell their penthouses faster and for more money

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.