Wall Street banks helped Chinese military-linked firm raise billions despite red flags, lawmakers find (1 Viewer)

[FOX News]

FIRST ON FOX: Congressional investigators are accusing major U.S. banks of helping a Chinese battery giant the Pentagon labeled a "Chinese military company" raise billions of dollars from global investors despite unresolved national security concerns.

A new report from the House Select Committee on the Chinese Communist Party alleges JPMorgan Chase and Bank of America underwrote CATL’s Hong Kong IPO — helping the company raise money from investors through stock offerings — after the Pentagon designated the company under its Section 1260H list of...

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