Weekly Roundup: RBS Discloses Swiss Probe of 1MDB Ties, U.S. Extends Venezuelan Sanctions, and More

Switzerland has launched an inquiry into whether client accounts held at Coutts International are linked to suspected corruption at Malaysian state investment fund 1MDB, the Financial Times reported. The Royal Bank of Scotland, which owned Coutts at the time of the activity in question, disclosed regulatory scrutiny of its former Switzerland-based private banking arm. More Yeo Jiawei, a former employee of the Singaporean unit of Swiss private bank BSI, has been charged with concealing an arrangement to receive annual payments from an investment vehicle owned by 1MDB, The New York Times reported. More The chairman of Deutsche Bank's integrity committee,...