JPMorgan Chase Fined $1.8 Million by Singapore for Overcharging in Bond Trades
Deutsche Bank Reaffirms Their Hold Rating on JPMorgan Chase & Co. (JPM)
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
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.
JP Morgan Fined S$2.4 Million Over Unsupervised Conduct Of Relationship Managers
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.
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