This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.

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.

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.

The Monetary Authority of Singapore (MAS) has fined JPMorgan Chase Bank $2.4 million for failing to prevent misconduct by its relationship managers. The managers misrepresented or omitted key pricing details in 24 bond transactions,

The Monetary Authority of Singapore (MAS) has fined JP Morgan Chase $2.4 million over charges pertaining to over-the-counter (OTC) bond transactions.

JPMorgan Chase Bank, N.A. has been penalised $2.4m for failing to monitor misconduct by its relationship managers.

In fresh trouble for the US lender, Singapore central bank has fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers over client bond trades.

(Reuters) - Singapore's central bank on Monday said it fined U.S. lender JPMorgan Chase a civil penalty of S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.

MAS said in a statement that JPMorgan Chase did not have adequate processes and controls to ensure that relationship managers adhered to pre-agreed spreads with clients

Singapore's central bank fined JPMorgan Chase S$2.4 million for failing to prevent and detect misconduct by its relationship managers, who provided inaccurate information to clients over 24 bond transactions,