The Daily Telegraph says that officials at the Department of Justice are examining how the UK bank got a licence to run investment banking and wealth management operations in the Gulf country in 2009, the Financial Times reported on Friday night.
In the meantime, Reuters reports that Goldman Sachs Group is in settlement talks with the U.S. government over an $8.3bn position that one of the investment bank's traders had concealed five years ago, according to a published report in the FT.
And Reuters also reports that a U.S. judge has given final approval to a $275m settlement between former Bear Stearns Cos shareholders and JPMorgan Chase, which bought the investment bank in 2008 when it was on the brink of collapse.
The Wall Street Journal reports that the top Securities and Exchange Commission doesn't intend to charge any individuals in its planned enforcement action against J.P. Morgan for the allegedly fraudulent sale of mortgage bonds, according to people close to the investigation.
The firm will pay a significant financial penalty under the proposed deal, which has been approved by Securities and Exchange Commission staff but not by the agency's five commissioners, said the people close to the probe.
Finally, Reuters reports that Morgan Stanley is suing a former employee who was convicted of insider trading in order to recover $33m it said it paid U.S. regulators to settle civil claims relating to the crimes, court papers showed.
No Individual Charges In Probe of J.P. Morgan (pay per view content)