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The Daily Hodl 2023-12-30 20:04:24

Trillion-Dollar Bank Pays $2,950,000 Fine for Lying to Clients, Routinely Overcharging Customers

A banking giant with $1.80 trillion in assets under management is paying a multi-million dollar civil penalty for making false statements to clients and overcharging customers. In a press release, the Monetary Authority of Singapore (MAS) says it’s hitting Credit Suisse with a $3.9 million SGD ($2.90 million) fine for failing to stop illegal practices The post Trillion-Dollar Bank Pays $2,950,000 Fine for Lying to Clients, Routinely Overcharging Customers appeared first on The Daily Hodl .

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