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Tuesday, May 30, 2017

Credit Sussie escaped relatively unscathed with just a $0.5m fine out of 1MDB scandal.

https://www.bloomberg.com/gadfly/articles/2017-05-30/singapore-s-puny-1mdb-fine-won-t-fool-credit-suisse?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

Credit Sussie got a light tap on its hand for participating in the 1MDB scandal but our local banks got more fines than foreign banks.

Singapore is indeed an investment-friendly country.

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