Posted inAT Finance, China, European Union, Hong Kong, Macau, Malaysia, Middle East, Singapore, World

Powerful Swiss bank was toppled by Malaysia’s 1MDB scandal

The world’s biggest financial scandal, over missing billions from Malaysian state-run development fund 1MDB, has left the country’s former prime minister, Najib Razak, facing charges of corruption – charges which he denies. In addition to bringing down a government, the scandal’s effects have reached as far as Switzerland, where Swiss bank BSI was forced to […]