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Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore`s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB.

S'pore banks told to boost security after StanChart data theft

Singapore's central bank has called on financial institutions to tighten up cyber security after a database on elite customers of Standard Chartered Bank was compromised.

Singapore Central Bank worried about rising household debt

Singapore Central Bank on Tuesday expressed concern over the rising household debt in the city-state, describing it as worrying, and that it is "important to act now to limit build-up of leverage".