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Coutts latest PB to be linked to 1MDB probe

The increasingly labyrinthine probe into Malaysian wealth fund, 1Malaysia Development Bhd (1MDB), has taken a new twist, with RBS’ Coutts becoming the latest private bank to linked to the investigation. Financial watchdog Swiss Financial Market Supervisory Authority, also known as Finma, is opening a probe into the lender, according to a statement released by the Swiss-based arm of RBS’ private bank. It added…

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