Exclusive: Mubadala's attempt to sell Swiss unit hits snag - sources | Reuters:
"Abu Dhabi state investor Mubadala [MUDEV.UL] is struggling to sell its Swiss private bank, five sources told Reuters, as potential buyers are unwilling to pay up for a firm which is being investigated over alleged financial misconduct.
The business, Falcon Private Bank, is under investigation in Switzerland for allegedly failing to prevent suspected money laundering linked to 1MDB, the scandal-hit Malaysian state fund.
A spokesman for Falcon said the bank is cooperating with the Office of the Attorney General (OAG) of Switzerland which opened criminal proceedings against Falcon in 2016. "
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