Singapore Hits JPMorgan with $1.8 Million Fine

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 detect and prevent misconduct by its relationship managers.  The Monetary Authority of Singapore (MAS) said in a statement that the relationship managers “had made inaccurate or incomplete disclosures to clients,
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 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.
Singapore central bank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed 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
Singapore cenbank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.The Monetary Authority of Singapore (MAS) said JPMorgan's relationship managers provided inaccurate or incomplete information to clients in 24 instances of over-the-counter bond transactions,
JPMorgan's investment banking chair departs, memo says
Wall Street giant JPMorgan Chase's global chair of investment banking Jennifer Nason is set to leave the bank early next year ...
JPMorgan’s Global Investment Banking Chair to Retire, Join Accenture Board
JPMorgan Chase & Co.’s global chair of investment banking, Jennifer Nason, is set to retire from the bank after nearly four ...
JPMorgan drops suit against Tesla
The bank sued the Elon Musk-run company in 2021 for $162.2 million after it claimed the carmaker breached a 2014 contract ...
JPMorgan, Tesla Call Off $162M Stock Warrant Case
Under the stock warrants, issued in 2014, Tesla agreed to issue shares of its stock, or cash, to JPMorgan if Tesla’s share ...
The Daily Hodl5h
Billionaire Ken Fisher Pours $800,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives
Billionaire Ken Fisher is dramatically increasing his firm's position in US banking giant JPMorgan Chase. New SEC filings ...
JPMorgan rejects transition finance trend
NEW YORK: JPMorgan Chase & Co is turning its back on a trend that’s been embraced by many of its Wall Street peers.
JPMorgan: Pullback In Preferred Shares Gives A Buying Opportunity
JPMorgan Chase's 4.2% fixed rate preferred shares have marginally underperformed PFF so far in 2024. Find out why I rate ...