JPMorgan Chase Fined $1.8 Million by Singapore for Overcharging in Bond Trades

MT Newswires06:36 ET

Deutsche Bank Reaffirms Their Hold Rating on JPMorgan Chase & Co. (JPM)

TipRanks06:36 ET · Ratings

Accenture Nominates Masahiko Uotani, Chairman and Chief Executive Officer of Shiseido, and Jennifer Nason, Global Chair, Investment Banking of J.P. Morgan to Join Its Board of Directors

Business Wire06:29 ET

jpmorgan (JPM.US) withdraws lawsuit related to stock warrants of Tesla (TSLA.US)

JPMorgan agreed last Friday to withdraw its lawsuit against Tesla, which accused Tesla of "flagrantly" violating the contract signed between the two companies regarding the warrants related to Tesla's sale to the bank in 2014.

Zhitong Finance05:49 ET

JP Morgan Fined S$2.4 Million Over Unsupervised Conduct Of Relationship Managers

Business Today02:16 ET

Singapore's central bank: JPMorgan was fined 1.8 million US dollars for improper conduct by relationship managers.

The Monetary Authority of Singapore (MAS) stated on Monday that it has imposed a civil penalty of 2.4 million Singapore dollars (1.79 million US dollars) on the US-based JPMorgan Chase Bank. MAS mentioned that JPMorgan's relationship managers provided inaccurate or incomplete information to clients in 24 over-the-counter bond trades, charging clients spreads higher than agreed. The country's central bank said that JPMorgan has acknowledged responsibility for failing to prevent or detect the misconduct and has paid the civil penalty to MAS.

Global Market Report22:43 ET