
UBS, Citi and other banks hit by $21.5mn penalty over Singapore money-laundering case
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Singapore has hit banks and wealth managers including UBS, Citi and Julius Baer with its second-largest collective penalty ever in relation to a money-laundering case that hit the city-state’s clean reputation and cast a pall…