Midweek Roundup: Bank of America Halts Currency Supply to Angola, Switzerland to Hand Over FIFA Bank Data, and More

Bank of America has cut off its supply of U.S. banknotes to Angola, where Rand Merchant Bank distributed currency from the American lender, Bloomberg reported. The Angolan government attributed a recent dearth of American currency to increased money laundering and terrorist financing risks. More Deutsche Bank Suisse and IHAG Z??rich agreed to pay roughly $31 million and $7 million respectively after admitting to having helped wealthy American clients avoid paying income taxes, the U.S. Justice Department said. More and More Swiss officials have agreed to supply bank account information to U.S. prosecutors overseeing the investigation of 14 FIFA officials charged...