JPMorgan, BofA Leaders Subpoenaed by US Lawmakers Over CATL IPO

JPMorgan Chase & Co. and Bank of America Corp. were subpoenaed by US lawmakers over their role in the initial public offering of Chinese battery maker Contemporary Amperex Technology Co. Ltd.

The House of Representatives’ Select Committee on the Chinese Communist Party sent demands for documents to the banks’ chief executive officers, the panel wrote Wednesday on X. The Wall Street Journal reported the request earlier in the day.

“We’ve had constructive engagement with the committee and will continue to engage,” a representative for Bank of America said in an emailed statement.

A representative for JPMorgan declined to comment ...