WASHINGTON – A powerful bipartisan congressional committee released an explosive investigative report Thursday that found America’s largest financial institutions helped companies tied to the Chinese Communist Party’s military apparatus and forced labor system raise billions in global capital markets — proceeding with the deals even after federal warnings, incomplete due diligence responses, and internal identification of significant national security risks.
Select Committee Finds JPMorgan, Bank of America, and Morgan Stanley Bankrolled Chinese Military-Linked Companies Despite Forced Labor and National Security Warnings
