Singapore Hits JPMorgan with $1.8 Million Fine

Singapore cenbank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank on Monday said it fined U.S. lender JPMorgan Chase a civil penalty of S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
JPMorgan Fined $1.8 Million in Singapore Over Client Bond Trades
Singapore fined JPMorgan Chase & Co. S$2.4 million ($1.8 million) for failing to prevent and detect misconduct by its relationship managers over client bond trades.
JPMorgan Fined ~$1.8M In Singapore Over Misconduct By Its Relationship Managers: Details
JPMorgan Chase & Co (NYSE:JPM) has been fined S$2.4 million ($1.8 million) by the Monetary Authority of Singapore (MAS) for failing to prevent and detect misconduct by its relationship managers (RMs).
JPMorgan Chase Paying $1,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct
JPMorgan Chase is paying a $1.79 million penalty for overcharging a group of clients in Singapore. The Monetary Authority of Singapore (MAS) says the banking giant has admitted it's liable for failing to discover and stop misconduct by its relationship managers.
JPMorgan Chase Bank faces $1.78m penalty in Singapore for OTC misconduct
This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.
Singapore Hits JPMorgan with $1.8 Million Fine Over Relationship Manager Misconduct in Bond Deals
Singapores central bank penalized JPMorgan Chase $1.8 million after its relationship managers overcharged clients in bond transactions, exposing critical lapses in controls. The fine underscores the importance
JPMorgan fined S$2.4 million by MAS for misconduct by relationship managers
JPMORGAN Chase Bank has paid a S$2.4 million civil penalty to the Monetary Authority of Singapore (MAS) for its failure to prevent and detect misconduct by its relationship managers (RMs). Read more at The Business Times.
MAS hands JPMorgan S$2.4 million civil penalty over misconduct by its relationship managers
SINGAPORE: The Monetary Authority of Singapore (MAS) has handed JPMorgan Chase Bank a S$2.4 million (US$1.78 million) civil penalty for failing to prevent and detect misconduct by its relationship managers in Singapore.
JPMorgan fined $2.4m for its relationship managers’ misconduct
The bank's relationship managers had made inaccurate or incomplete disclosures to clients. Read more at straitstimes.com.
Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Singapore's central bank on Monday said it fined U.S. lender JPMorgan Chase a civil penalty of S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
JPMorgan Fined Nearly $1.8 Million By Singapore's Central Bank For Misconduct Of Relationship Managers
Singapore's central bank fined JPMorgan Chase nearly $1.8 million for failing to prevent and detect misconduct by its relationship managers. The managers provided inaccurate or incomplete information in 24 over-the-counter bond transactions and charged spreads above agreed rates.
JPMorgan Chase fined $1.8M for overcharging for bond trades by Singapore's central bank
Singapore’s central bank said Monday it was fined JPMorgan Chase’s (NYSE:JPM) 2.4M Singapore dollars ($1.79M) for failing to ...
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