Midweek Roundup: EBA to Probe Lapses in Supervision of Dos Santos’ Affairs, Global Banks Review Hong Kong Clients’ Political Ties, and More

The European Banking Authority plans to investigate leaked records detailing how Angola’s former first daughter Isabel dos Santos may have moved corrupt funds through Portuguese lenders and other EU entities under the radar of the bloc's supervisors, the International Consortium of Investigative Journalists reported. More Wealth managers at Credit Suisse, HSBC, Baer Gruppe, UBS and other global lenders have started scrutinizing the political preferences of their clients in Hong Kong following the imposition of a national security law that tightens Beijing's grip on the special administrative region, Reuters reported. More Several banks in Switzerland cut ties with a Russia-controlled intergovernmental...