Billions, Banks, and Bandits 🤑
The Monetary Authority of Singapore (MAS), that most noble and revered institution, has confirmed the penalties, naming the likes of Credit Suisse, UBS, Citibank, UOB, Julius Baer, LGT Bank, and asset manager Blue Ocean among the guilty parties. One can only imagine the stern faces of the MAS officials as they handed down the verdicts. 😒