Singapore cenbank fined JPMorgan $1.8 million for relationship managers' misconduct

From Investing.com: 2024-12-01 22:31:07

Singapore’s central bank fined JPMorgan Chase $1.79 million for failing to prevent misconduct by relationship managers. The bank provided inaccurate information in 24 bond transactions, charging spreads above agreed rates. MAS stated JPMorgan lacked proper processes to ensure compliance and has since refunded affected clients and improved internal controls. MAS is investigating individual relationship managers involved.



Read more at Investing.com: Singapore cenbank fines JPMorgan $1.8 million over misconduct by relationship managers By Reuters