Before going bankrupt in Japan last year, a Japanese company director parked US$90 million (S$124 million) in assets in three banks here. One bank account was in the name of his wife and son. But
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Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund
Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB) for breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), it said in a statement on Tuesday The Monetary
Read moreTwo US funds sue DBS Bank, OCBC for Singapore rate rigging
SINGAPORE: Two US-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court filing showed. The suit
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