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The number of correspondent banking relationships worldwide fell 20 percent over the past seven years, according to the Bank for International Settlements. More French prosecutors are investigating Credit Suisse for allegedly enabling tax evasion, finews.com reported. More A former manager at Brazil's Bradesco Bank has been arrested on suspicion of laundering $247 million derived from fraudulent trades of foreign currency, the Rio Times reported. More The head of compliance at UBS said he expects the Swiss lender will spend less to comply with new regulations in the coming years than the nearly £3 billion it has invested since 2014, Euronews...