JPM Faces Probe Over Hiring in China; Merrill Lynch to Dissolve (But...

Receiving Wide Coverage ... JPM's Woes Grow … Again: The hits just keep on coming over at JPMorgan Chase. The nation's biggest bank disclosed in a regulatory filing that the Securities and Exchange Commission is investigating its hiring practices in China. "Authorities suspect that JPMorgan routinely hired young associates who hailed from well-connected Chinese families that ultimately offered the bank business," explains the Times, which first reported on the filing. The bank told several news outlets…