Feds launch probe into JPMorgan's hiring of China officials' children

``In the case of China Everbright, JPMorgan Chase "appeared to do little if any business," with the company before hiring Tang Xianoning, according to The Times. Since then, however, the state-run financial conglomerate has become one of the bank's, as the newspaper put it, "prized Asian clients," inking a host of deals with it. ''