Falcon Private bank could lose Swiss licence in wake of 1MDB case, sources say

ZURICH (Reuters) - Falcon Private Bank, a wealth manager that was at the centre of Malaysia's 1MDB scandal, could lose its Swiss banking licence by the end of the week, two sources close to the situation told Reuters. Swiss financial markets watchdog FINMA could withdraw the licence for the private bank owned by Abu Dhabi state fund Mubadala Investment Company on the grounds that it has continuously failed to meet regulatory requirements, the sources said. "Falcon employees are preparing..