Singapore’s central bank said Monday it was fined JPMorgan Chase’s (NYSE:JPM) 2.4M Singapore dollars ($1.79M) for failing to detect and prevent misconduct by its relationship managers.

The MAS increased DBS’s regulatory capital by S$1.6bn and blocked it from acquisitions or non-essential IT upgrades for six months. Gupta’s pay was docked by more than a quarter, or S$4.4mn, over the ...