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.
Tag: Falcon Private Bank
MAS shuts down Falcon Private Bank’s Singapore operations
The regulator slams the Zurich-based bank for poor anti-money laundering controls and improper conduct by individuals over 1MDB.
New CEOs for Falcon PB and BNPP IP Singapore
Walter Berchtold will lead Falcon Private Bank and, separately, Christian Bucaro has become Singapore CEO for BNPP IP.
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Easing currency risks support Asian equities
A weaker dollar and a low chance of an RMB devaluation support Asian currency stability, which has a strong equity market impact, said Falcon Private Bank’s CIO David Pinkerton.
The bull and bear case for Chinese equities
Switzerland-based Falcon Private Bank has a base case of 0% returns for China equities in 2016.
