THE LONGER NAJIB CLINGS ON, THE MORE THE WORLD WILL HATE M’SIA – 1MDB REPERCUSSIONS SPREAD: SWISS BANK FALCON POSTS US$130 MIL LOSS AFTER S’PORE BRANCH CLOSURE

scandal surrounding the troubled 1MDB fund, lost 128 million Swiss francs ($130 million) last year, it said on Thursday.

The steep loss came on the back of efforts to cut risk and costs from the closure of its Singapore branch ordered in October by the Monetary Authority of Singapore (MAS) due to anti-money laundering failings in connection with 1MDB.

scandal surrounding the troubled 1MDB fund, lost 128 million Swiss francs ($130 million) last year, it said on Thursday.

The steep loss came on the back of efforts to cut risk and costs from the closure of its Singapore branch ordered in October by the Monetary Authority of Singapore (MAS) due to anti-money laundering failings in connection with 1MDB.