For his role in the scandal-hit Malaysian sovereign wealth fund 1MDB.
Tag: BSI Bank
Ex-Falcon Bank manager jailed in Singapore 1MDB probe
The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.
Two ex-BSI bankers in Singapore charged in 1MDB probe
Two former bankers for Switzerland’s BSI Bank have been charged by the Singapore police as part of their investigation into 1Malaysia Development Bhd (1MDB).
MAS shuts down BSI Bank in Singapore
The Monetary Authority of Singapore also slapped BSI with a $9.5m fine and sent six senior managers and staff to the public prosecutor to evaluate whether they have committed criminal offences.
Two Swiss private banks agree deal to build global giant
Zurich-based private bank, EFG International, has agreed a deal with Brazilian bank BTG Pactual to buy its Lugarno-based private banking unit BSI, one of the oldest Swiss banks, for about CHF1.33bn ($1.34 bn, £940m) in cash and stock.
BSI adds hedge and RMB products
BSI Bank has increased its fund offerings with two recent additions, said Wendy Lim, a fund advisor for BSI Bank in Singapore.
The view on India’s SOEs
HSBC GAM is overweight some government-linked sectors in India, in particular financial and energy enterprises.
Baring says oil rout way overdone
Negativity toward the oil sector is so widespread that the market is pricing in virtually zero growth, according to Baring Asset Management.
