Bank Mandiri, Lombard Odier announces partnership

Published by Finews Asia – 9th April 2018

Falcon has suffered a setback in its recovery from the 1MDB scandal: the private bank is losing several long-standing top executives as well as the banker who turned out the lights in Singapore.

Four high-ranking executives are leaving the Zurich-based private bank, a source at the company told finews.asia. Finance chief Urs Zgraggen, technology chief Mathias Studach, trading head Ivo Sauter, and operating chief of risk and compliance Christian Schulthess have elected to leave Falcon, the person said.

Published by CNBC – 19th Mar 2018

The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-money laundering breaches and countering financing of terrorism (AML/CFT) requirements.

Published by Reuters – 15th Mar 2018

A popular product offered by the bank and linked to expectations of future price swings, or volatility, in the S&P 500 .SPX stock index sank by more than 90 percent within hours last month following a market selloff.

Published by Dealstreetasia.com – 8th Mar 2018

Swiss private banking group Julius Baer and Thailand’s Siam Commercial Bank (SCB) on Thursday signed agreement to establish a wealth management joint venture (JV) focused on bringing relevant and impactful advice and solutions to the growing Thai private banking market.

Published by Reuters – 23rd Jan 2018

EFG International shares fell as much as 5.9 percent on Tuesday after a Taiwanese court ordered the Swiss private bank to return more than $193.8 million related to a disputed loan.