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JP Morgan Swiss unit strikes $330 million settlement over 1MDB scandal

By Martin Coyle ( August 22, 2025, 11:10 GMT | Insight) -- JP Morgan's Swiss private banking unit has agreed to pay more than $330 million as part of a Swiss settlement for its involvement in the Malaysian sovereign wealth fund scandal and its failure to prevent tens of millions of Swiss francs being stolen. The 1MDB scandal saw billions of dollars plundered from the Malaysian state.JP Morgan's Swiss private banking unit has agreed to pay more than $330 million as part of a Swiss settlement for its involvement in the Malaysian sovereign wealth fund scandal and its failure to prevent tens of millions of Swiss francs being stolen....

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