Singapore Fines Credit Suisse for Bankers’ Misconduct | EUROtoday

Singapore imposed a penalty of three.9 million Singapore {dollars} (US$3.0 million) on Credit Suisse for failing to forestall or detect misconduct by its relationship managers.

Credit Suisse bankers in Singapore had supplied clients with inaccurate or incomplete post-trade disclosures, which led to purchasers being charged spreads above bilaterally agreed charges for 39 over-the-counter bond transactions, the Monetary Authority of Singapore mentioned in an announcement on Thursday.