The Globe and Mail reports in its Wednesday edition Bank of New York Mellon Corp. will pay $14.8-million to settle federal civil charges of attempting to influence officials of a Middle Eastern sovereign wealth fund by giving internships to their family members (all figures U.S.). An Associated Press dispatch to The Globe says the Securities and Exchange Commission announced the settlement Tuesday with BNY Mellon, the seventh-largest bank in the U.S. Bank employees aimed to keep and win business managing the sovereign fund's assets by offering the internships to officials' sons and a nephew, the SEC said. The family members getting the highly competitive internships did not meet BNY Mellon's strict hiring standards, the agency said. The New York bank neither admitted nor denied wrongdoing. It is paying a $5-million fine, $8.3-million in restitution plus $1.5-million in interest. The SEC reportedly has investigated whether another bank, JPMorgan Chase, hired the children of Chinese government officials to help it boost its business in China. JPMorgan has disclosed the SEC's enforcement division wanted information about employment of some people in Hong Kong and its business relationships with some clients.