Singapore Fines Credit Suisse for Bankers' Misconduct

A view of the Credit Suisse office in Singapore. Photo: CAROLINE CHIA/REUTERSSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore sa ...