(Bloomberg) -- JPMorgan Chase & Co. told a Greek
parliamentary inquiry it was misled by one of its employees over
the sale of 280 million euros ($374 million) of government bonds
bought by pension funds at inflated prices.
Mike Savvides, a JPMorgan banker, was part of the ``core
deal team'' responsible for underwriting the Greek 12-year bonds.
He has been dismissed because of a ``failure to promptly share
his knowledge of aspects'' of the sale, Jakob Stott, JPMorgan's
chief operating officer for Europe, Middle East and Africa, told
the Greek parliament's standing committee on economic affairs in
Athens today.
Read more at Bloomberg Bonds News
parliamentary inquiry it was misled by one of its employees over
the sale of 280 million euros ($374 million) of government bonds
bought by pension funds at inflated prices.
Mike Savvides, a JPMorgan banker, was part of the ``core
deal team'' responsible for underwriting the Greek 12-year bonds.
He has been dismissed because of a ``failure to promptly share
his knowledge of aspects'' of the sale, Jakob Stott, JPMorgan's
chief operating officer for Europe, Middle East and Africa, told
the Greek parliament's standing committee on economic affairs in
Athens today.
Read more at Bloomberg Bonds News
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