Credit Suisse - Connected to India News I Singapore l UAE l UK l USA l NRI

Civil penalty of S$3.9 million imposed on Credit Suisse AG by MAS for misconduct by its relationship managers

Published on December 29, 2023December 29, 2023 Authored by C to I News Desk

Failure to prevent misconduct by its relationship managers (RMs) has cost Credit Suisse AG S$3.9 million, which was imposed on the bank by the Monetary Authority of Singapore (MAS). The news of the civil penalty was confirmed by an official news release on December 28, 2023. The aforementioned offence took place in the Singapore branch […]