BSI Says Singapore Unit Operates Normally, Liquidity ComfortableBy and
S’pore move to withdraw license takes place at ‘future time’
BSI says financial penalties to be paid from general reserves
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.
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