Singapore Fines Credit score Suisse for Bankers’ Misconduct

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

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