FINMA cuts BSI Bank's 1MDB penalty to 70 million Swiss francs

KUALA LUMPUR (Oct 23): The Swiss Financial Market Supervisory Authority (FINMA) has reduced the amount of money to be confiscated from BSI Bank to 70 million Swiss francs, from the original 95 million francs after reassessing the disgorgement of profit in the 1Malaysia Development Bhd (1MDB) enforcement case against the bank.

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Non-financial corporate debt servicing capacity still above prudent level in 1H20

KUALA LUMPUR (Oct 14): Despite the expected weakening in financial health among non-financial corporates (NFCs) due to the Covid-19 pandemic, the aggregate indicator of the debt- servicing capacity of NFCs has remained above the prudent threshold, reflecting the reasonably healthy financial conditions prior to the pandemic, according to Bank Negara Malaysia's (BNM) Financial Stability Review for the first half of 2020 (1H20).

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