Singapore penalizes Credit Suisse for misconduct by bankers
Singapore penalizes Credit Suisse for misconduct by bankers
28/12/2023 6:34

Singapore penalized Credit Suisse S$3.9 million ($3 million) for its failure to prevent or detect misconduct by its relationship managers in the city-state.

The bankers had provided clients with inaccurate or incomplete post-trade disclosures, resulting in customers being charged spreads which were above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore said in a statement on Thursday.

Source: Bloomberg

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