(Bloomberg) -- Greek lawmakers are preparing to
question executives from JPMorgan Chase & Co. and hedge fund
North Asset Management after opposition legislators said they
overcharged pension funds that bought 280 million euros ($374
million) of government bonds.
Jakob Stott, JPMorgan's chief operating officer for Europe,
Middle East and Africa, and Louis Plowden-Wardlaw, the general
director of London-based North Asset Management, will appear
before the Parliament's standing committee on economic affairs
later today. Greek regulators are investigating how pension funds
bought the bonds at 100 percent of face value, when New York-
based underwriter JPMorgan sold the debt to North Asset at 92.95
percent hours before.
Read more at Bloomberg Bonds News
question executives from JPMorgan Chase & Co. and hedge fund
North Asset Management after opposition legislators said they
overcharged pension funds that bought 280 million euros ($374
million) of government bonds.
Jakob Stott, JPMorgan's chief operating officer for Europe,
Middle East and Africa, and Louis Plowden-Wardlaw, the general
director of London-based North Asset Management, will appear
before the Parliament's standing committee on economic affairs
later today. Greek regulators are investigating how pension funds
bought the bonds at 100 percent of face value, when New York-
based underwriter JPMorgan sold the debt to North Asset at 92.95
percent hours before.
Read more at Bloomberg Bonds News
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