Regulators Step Up Probe Into Bank Hiring.

The article reports that the U.S. Securities and Exchange Commission (SEC) has expanded its investigation into the hiring practices in China of large banks to include several more banking firms including Credit Suisse Group AG, Goldman Sachs Group Inc., and Morgan Stanley. At issue is whether the banks secured business in China by hiring relatives of important officials there, in violation of the U.S. Foreign Corrupt Practices Act.