Barclays is the latest bank to be investigated by US authorities over its hiring practices in Asia , as part of a wider probe into bank 's hiring of friends , family members of parliament officials and top executives in the country . In its latest annual report, the British bank said it is cooperating with the Securities and Exchange Commission and the Justice Department in “an investigation into certain of its hiring practices in Asia.” ... Barclays has said it is cooperating with the US Securities and Exchange Commission ( SEC ) and the Justice Department regarding the investigation . As we noted last month , HSBC is also being investigated over hiring people linked to Asian governments , an issue that has also plagued US lenders such as JP Morgan Chase .
Barclays is the latest bank to be investigated by US authorities over its hiring practices in Asia , as part of a wider probe into bank 's hiring of friends , family members of parliament officials and top executives in the country . Barclays has said it is cooperating with the US Securities and Exchange Commission ( SEC ) and the Justice Department regarding the investigation . As we noted last month , HSBC is also being investigated over hiring people linked to Asian governments , an issue that has also plagued US lenders such as JP Morgan Chase .