Credit Suisse Penalized $3 Million by Singapore Authorities for Relationship Manager Misconduct
Singapore Penalizes Credit Suisse For Misconduct By Bankers 🔗
Credit Suisse has been penalized $3 million by Singapore’s authorities after a probe found that the bank failed to prevent or detect misconduct by its relationship managers. The misconduct involved providing clients with inaccurate or incomplete post-trade disclosures, resulting in customers being charged spreads above agreed rates for 39 over-the-counter bond transactions.
- Credit Suisse penalized $3 million by Singapore authorities
- Bank failed to prevent or detect misconduct by its relationship managers
- Misconduct involved providing clients with inaccurate or incomplete post-trade disclosures