Credit Suisse fined in Hong Kong for disclosure lapses

Credit Suisse and its Hong Kong subsidiaries were fined a collective HK$2.8m ($357,000) for multiple regulatory breaches spanning ten years by the the Securities and Futures Commission (SFC).  As recently as 2016, the Swiss bank failed to disclose that it maintained an investment banking relationship with the subject of some research reports, the SFC said.  According to the regulator, "an update by Credit Suisse in August 2016 to revise the market maker disclosure in its research reports led to an inadvertent exclusion of that disclosure from a disclosure template for its research rep...