Financial Results
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Wealth and Asset Management
1MDB-hit UAE-owned Swiss bank Falcon posts $130mln loss for 2016
Falcon Private Bank, one of the Swiss banks ensnared in the Malaysian corruption 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…
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