Friday 04, May 2012 by Robin Amlôt
Faisal Private Bank to fail capital requirements, up for sale
Faisal Private Bank is on the market after the bank failed to raise enough money to meet Swiss regulator FINMA's minimum capital requirements. Reuters reports Chief Executive Mark Koch as saying the Geneva-based Islamic private bank is talking to three potential purchasers. Parent Ithmaar Bank may sell part or all of its stake.
