bsi.ommended a cayman islands fun for 1mbd to put its money in. well, bsiight, to the caymand island fund. what is this all about? >> there was this fund managed -- and bsi had recommended 1mbd to put $2.3 billion worth of units. said that those funds -- still $900 million. right, well, what do we know about malaysian authorities? how active have they been into this investigation. have we had any reaction from 1mbd? i think when it comes to malaysian investigations, they were investigating the company itself and some of the financial transactions. the involvement of the esi was on the singapore side. was on the singapore side. into are no investigations bsi into malaysia. were sayingities they have yet to be contacted by any legal authorities when it comes to investigations into it. rishaad: thank you very much indeed for that. will keep youy we up to speed with. the moment,ter perhaps a bit of resolution, a deal struck between athens and brussels. her having a look at that and some other

bsi to seven charges against the former bsi banker.ker was seen as facilitating a transfer of almost $12 million is currently held in custody in singapore? staggering amounts of money there. under multiple investigations around the world from switzerland to the united states. money that is missing a not accounted for. the latest twist happening right here. psa ordered to shut down its operations in singapore. rishaad: bsi order to shut down. manus: reasons for the bank of israel keeping rates at a record low. manus: defining exports requiring the bank of israel to hold rates at record low. our middle east editor standing by in tel aviv. it is the relationship of the dollar and the shekel. israeli gdp. this is why you are seeing the iconic flow. holding rates at a record low. the shekel versus the dollar. down 2.6% last week. the biggest drop since february. record low rates. elliott in tel aviv. elliott: deflation or inflation is becoming less of a concern for the bank of israel and the governing council. they specifically reference to

several bsi employees have left the office in recent months over the investigation.s that chinese authorities have targeted apple and other u.s. tech companies in a series of securities inspections. the new york times says the check focus is on area involving encryption and data storage. linked to inspections not targeting any particular country, product.or company twitter hoping to get users more freedom to express themselves. that will soon start counting photos and links in its 140- character limit. links take up 23 characters even after they automatically shorten them. it is part of a larger plan by jack dorsey to give the site more flexible. the changes will be rolled out in the next couple of weeks. we are live at the symposium. angie lau is talking to some big names. what is ahead? angie: it does not get bigger than one of the best students of the market. comingn ceo larry fink up next on trending business. my exclusive with him. we are five of the four seasons for black rock's annual symposium. stay with us. ♪ >> it is 11:49 a.m. in sydney. these are the head

bsi bank will shut its operations in the city state. noticed intention to withdraw its status as an emerging bank in singapore. serious reaches of anti-money-laundering requirements and gross misconduct by some of the staff. deutsche bank is the subject of an investigation of whether it inflated the value of securities in its mortgage bond trading business and billions of dollars of losses in 2013. all of that with people with knowledge of the matters. it could've boost the banks earnings for several quarters. the chief executive has another headache with news he is cutting the rating to just two grades above junk. the agency says it's performance has been weak for several quarters and substantial headwind including low interest rates and macro economic uncertainty. facebook is changing how determined its new stories are trending after recent allegations of political buyers. the company says it will no longer require stories to be from sites to be news leaders as that requirement could lead to buyers. facebook will stop using it's curat

bsi tols have ordered shut down operations over money laundering. executive wants ab inbev beerll off most european brands. ññ1111@1@1@1@1púúa xx 05/24/16 05/24/16 [captioning made possible by democracy now!] amy: from new york, this is democracy now! >> he is dead. if something happened of my son, myself andt mine -- that families shoes. that verdict is s not correct. somebody got to be responsible for that murder. amy: a baltimore police officer is acquitted of all charges in the 15 death o of freddie gray who didied of spinalal injuriest

they had to sell bsi in a fire underecause their ceo was investigation for corruption charges.s not been indicted. but they face a run on their assets and they have to sell the bank. the ownerst that would be facing corruption investigation into countries. and just by unloading this bank now efg is holding the bag. rishaad: joining us from singapore. let's get up to speed with the stories that are making headlines around the world. >> a day after lifting a ban on arms sales president obama has criticized hanoi for making progress on human rights. while the u.s. expressed concern john kerry said the fact the meeting happened it all is remarkably significant. french police and prosecutors have rated googles offices in paris. they're looking at whether the failed to declare revenue by booking them through ireland where company taxes lower. they're calling on google to pay back taxes. google released a statement saying it complies with french law and is cooperating with investors. -- investigators. the daughter of a hong kong publisher believed to be abducted has helped -- ask to h

is the worsts bsi case of gross misconduct it has ever seen.se of the headlines from bloomberg news, powered by over 2400 journalists and wanted to 50 bureaus around the world. let's get the latest markets right now. haidi, a much better day for asian stocks. it is really this perfect storm of factors. we have oil, building on that rally we had overnight. we are also seeing the yen weaker, but helping out when it comes to tokyo stocks. of a fed rateions hike coming in in june or july, they focus at even in odds respectively. that is helped out overnight as well. a pretty good space when it comes to potential -- this is what we are seeing across the region. rally, the energy space one of the rear decliners across the region. off by 5% when it comes to new mining as the dollar continues to rally. and people are getting out of his gold rally that we have seen. line,e had that more in in line with expectations. a little bit of a mess, but that is not playing through those energy stocks, as well. stocks rise the most in eight weeks. when it comes to

they've ordered bsi, a swiss private bank to shut down operations for breaching money laund laundryingrations. the fund has been at the center of corruption scandal with charges that the prime minister personally gained from. murky transactions. several countries including the u. u.s. are also investigating the matter. this is a big story another relations. >>> in other related banking news, swift is trying to uninfluenciunplug gaps in its security. it will unveil new measures at a conference in brussels. those measures are expected to combrub. >>> adele may have scored one of the biggest record deals ever. the singer reportedly signed $130 million deal with sony music giving them the rights to release her future album. the deal was apparently struck before christmas and they've kept it it quiet until now. >> and before that she was with an independent uk label for the past few albums. the previous women's record for an album, whitney houston, 100 million bucks, adele just beat it. >> do you think she'll stick with labeling albums? >> probably. >> how many years do we have to wait for

singapore's central bank which has ordered bsi bank to shut its operations in the island nation.ointedtary authority to poor management and growth misconduct by some of the banks staff. the group says the ceo is stepping down. facebook is changing how it determines which news stories are trending. that is after recent allegations of bias and its selections. sitesl no longer required -- require stores that are found on sites that are known as news leaders. is recalling more vehicles linked to the potential lethal airbags. the latest recall involves nearly 1.6 million vehicles in the u.s. including certain corolla, and lexus lines. that is your bloomberg business flash. guy. guy: thank you very much indeed. more with james gorman. he told bloomberg that he thinks britain will choose to remain in the eu. >> my guess is they vote to stay. should they not, there is a two-year transition. it will have some impact on global investment banking businesses. some increased expenses, but it is not that meaningful. i'm more concerned for the markets. rightly for the state of the european unio

the private bank bsi has been ordered to shut down operations in singapore for breaching anti-money laundering rules there or switzerland has begun charges against the bank. the singaporean authorities said it is the worst case of gross misconduct they had ever seen. they have already been fined 100 million euros over for to identify dubious transactions over four years. to greece next. main subject of finance ministers taking place in brussels later, helping to unlock 11 billion euros in bailout money, after capping a series of tax rises over the weekend. the meeting would tackle the controversial subject of debt relief. mark thompson report. reforms for much needed cash. the latest round of deeply unpopular tax increases and privatizations resulting in angry demonstrations. but the signs going forward are positive. >> the measures are not pleasant because the people of this country have already paid a lot. it is probably the first time of -- andossibility giving us a new future is so clear. the latest round of reforms, the last requirement demanded by greece's creditors. in return, the count

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