Reuters logo
10 months ago
BRIEF-Falcon Private Bank says confident about its future after end of 1MDB investigation
October 11, 2016 / 2:07 AM / 10 months ago

BRIEF-Falcon Private Bank says confident about its future after end of 1MDB investigation

Oct 11 (Reuters) - Falcon private bank says confident about its future after end of 1MDB investigations

* since 2013 it has further enhanced its compliance

* withdrawal of Singapore banking license will not impact the strategic development of the bank

* is well capitalised, enjoys a strong balance sheet and the full support of shareholder Aabar

* will now focus on growing businesses in core locations Switzerland, Middle East and London (Reporting by Marius Zaharia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below