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Singapore central bank fines JPMorgan $1.8 mln over misconduct by relationship managers

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, charging them more than the agreed rates. JPMorgan admitted liability, refunded overcharged fees, and improved its controls and processes.

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