Posted inMalaysia

Swiss bank folds under 1MDB corruption cloud

NEW YORK and SINGAPORE – Falcon Private Bank, a Zurich-based wealth manager implicated in the transfer of alleged illicit funds into the personal bank account of Malaysia’s then-premier Najib Razak, is in advanced negotiations to sell-off its assets and cease operations, capping off a four year struggle with Swiss and other financial regulators. The bank’s demise […]