Falcon Private Bank Pivots Away from Fallout of 1MDB Scandal

Posted on 03/23/2017


Zurich-based Falcon Private Bank, which was greatly affected by the fallout of the 1MDB scandal, is now getting a capital injection from Aabar Investments, a unit of Abu Dhabi’s International Petroleum Investment Co (IPIC). Falcon Private Bank lost 128 million CHF in 2016. Falcon Private Bank was ordered by the Monetary Authority of Singapore (MAS) […]