CNBC and Reuters - in turn citing the Wall Street Journal - say the US Commodity Futures Trading Commission is investigating whether JPMorgan Chase steered its private-banking clients to its own hedge-fund investment products without proper disclosures. The CFTC probe includes Highbridge Capital Management, an investment firm owned by JP Morgan, the WSJ reports. The paper also reported last month that JP Morgan was "in advanced talks" with the US Securities and Exchange Commission to pay more than US$150 million over similar allegations of steering private-banking clients to its own products without proper disclosures. The corruption scandal around an economic-development fund in Malaysia is spilling beyond the country's borders, the Wall Street Journal reports, noting officials at a United Arab Emirates state investment vehicle are raising questions about more than a billion dollars they say is missing. As 1Malaysia Development, the fund set up six years ago by Malaysian Prime Minister Najib Razak, tries to fend off a cash crunch at home, its backers in Abu Dhabi are asking what happened to a US$1.4 billion payment the fund said it made but which they never received.