BSI Says Singapore Unit Operates Normally, Liquidity Comfortable

  • S’pore move to withdraw license takes place at ‘future time’
  • BSI says financial penalties to be paid from general reserves

Singapore Shuts BSI Unit Amid Probe Into 1MDB Links

Swiss bank BSI SA said its Singapore unit is “operating normally” as the withdrawal of its license by the regulator will only take effect at some time in the future. The unit is in a “very comfortable position” in terms of liquidity, the bank said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.