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Benzinga
Benzinga
Business
Namrata Sen

Jamie Dimon's JPMorgan, BofA Under Congressional Scrutiny Over Tesla Battery Supplier CATL's Mega IPO: Report

JPM JPMorgan CATL Tesla Inc. IPO NYSE Bank of America BAC United States
Jamie,Dimon,Attends,Ceremony,For,Final,Steel,Beam,Wrapped,With

The CEOs of JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC) have reportedly been subpoenaed by U.S. lawmakers over their roles in the IPO of a Chinese battery company.

What Happened: The House Select Committee on the Chinese Communist Party has called on JPMorgan and Bank of America to provide documents concerning their involvement in the IPO of Contemporary Amperex Technology (CATL), a major supplier of batteries to global electric vehicle manufacturers, including Tesla Inc. (NASDAQ:TSLA), reported The Wall Street Journal.

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