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“Integration process with EFG is progressing smoothly,” says BSI, as MAS moves to shut down bank’s Singapore business

BSI’s integration with EFG International is “progressing smoothly” according to a statement released by Swiss private bank, despite today’s news that Singaporean authorities have moved to shut down BSI Singapore due to “control lapses and gross misconduct” pertaining to the 1MDB affair. According to statements released by both BSI and EFG International today, the Swiss Financial Market Supervisory Authority (FINMA) has given…

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