BRIEF-Emergent Capital announces supplement no. 1 to exchange offer
* Emergent Capital announces supplement no. 1 to exchange offer Source text for Eikon: Further company coverage:
ABU DHABI Oct 11 Abu Dhabi investment firm Aabar Investments said on Tuesday it was fully behind its Falcon Private Bank unit after it was sanctioned in relation to the scandal-hit Malaysian state investment fund 1MDB .
"Aabar Investments PJS ("Aabar") reconfirms its full commitment and support for the bank," Aabar said in a statement.
"Aabar views the bank as a strategic investment and has no current intention to sell." Falcon was fully acquired by Aabar Investments in 2009.
The Monetary Authority of Singapore (MAS) on Tuesday said it had ordered Zurich-based Falcon Private Bank's Singapore branch to cease operating because of "a persistent and severe lack of understanding" of Singapore's money-laundering controls.
In Zurich, the Financial Market Supervisory Authority (FINMA) ordered Falcon to turn over 2.5 million Swiss francs ($2.56 million) in what the watchdog said were illegal profits.
(Reporting by Stanley Carvalho; Writing by David French; Editing by Adrian Croft)
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.