Daily Debrief: What Happened Today (Dec 28)

Stories you might have missed

Credit Suisse fined S$3.9 million for misconduct by relationship managers

MAS said the bank’s relationship managers had provided clients with “inaccurate or incomplete post-trade disclosures” which resulted in these clients being charged spreads above bilaterally agreed rates for 39 over-the-counter (OTC) bond transactions.

Demand for latest Singapore Savings Bond falls after average returns slide to 3.07%

THERE were applications for S$867.5 million of the bonds, just above the S$853 million which was allotted and applied within individual limits.

DPM Wong to deliver 2024 Budget statement on Feb 16

MEMBERS of the public can continue to share their views and hopes for the Budget through Reach’s Budget 2024 microsite, www.reach.gov.sg/budget2024, until Jan 26. There will also be a physical feedback gathering exercise at Galaxis at One North on Jan 23, from 12pm to 3pm.

The Fed’s remarkable feat

MONETARY-POLICY watchers are currently divided into two groups. But perhaps both sides should pause and reflect on where we were 18 months ago and where we are now.

Make-A-Wish Singapore launches initiatives to raise S$300,000 for children with critical illnesses

ONE initiative is Santa Race for Wishes, the organisation’s annual community event that raises funds to grant wishes for children with critical illnesses.