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The double-edged sword of EFG’s BSI acquisition

Following yesterday’s announcement that the Monetary Authority of Singapore intends to shut down BSI’s banking operations in the city-state, all eyes are now on BSI’s recent acquirer, EFG International, to see what impact the ongoing 1MDB scandal will have on the terms of the purchase. Asian Private Banker paints two scenarios. EFG’s purchasing price goes down Private bankers and clients…

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