ZURICH (Reuters) - Swiss bank BSI's Singapore branch is operating normally, it said on Wednesday, a day after the Monetary Authority of Singapore (MAS) said it would withdraw its status as a merchant bank in Singapore, and directed it to shut down for serious breaches of anti-money laundering requirements and other lapses.
"The decision by MAS to withdraw the Bank's status as a merchant bank will take place only at a future time given that MAS 'will allow the transfer of the Singapore's subsidiary's assets and liabilities to the Singapore branch of EFG or the parent entity, BSI SA,'" Lugano-based BSI said in a statement
(Reporting by Joshua Franklin; editing by Brenna Hughes Neghaiwi)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 101.1 CHF | +1.79% | +3.18% | 31.63B | ||
| 10.92 CHF | +0.55% | -1.63% | 3.59B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -6.37% | 113B | |
| -1.46% | 89.35B | |
| +15.50% | 62.84B | |
| +2.13% | 59.88B | |
| +9.82% | 42.75B | |
| +10.94% | 42.22B | |
| +17.64% | 33.83B | |
| +3.54% | 24.94B | |
| -3.81% | 22.47B |
BTG PACTUAL PARTICIPATIONS LTD 
