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In a footnote to
its earnings statement, the bank said it had received various
requests for information from the SEC, which was also targeting
other financial institutions as part of the same probe.
"HSBC has received various requests for information and is
cooperating with the U.S. Securities and Exchange Commission
(SEC) investigation. It would be inappropriate to comment
further," HSBC spokesperson Gareth Hewett told Reuters.
The SEC opened in 2013 a probe into JPMorgan regarding the
hiring of 'princelings', the term used in Asia to refer to the
children or younger relatives of China's political leaders or of
powerful executives at state-owned enterprises.
(Reporting by Lisa Jucca; Editing by Muralikumar Anantharaman)
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