Oldest Swiss Bank Calling It Quits After US Fine

Wegelin will pay $57.8M in fines

By Matt Cantor,  Newser Staff

Posted Jan 4, 2013 3:45 AM CST

(Newser) – After more than two centuries in business, a Swiss bank is closing down following fines for helping American tax dodgers. Wegelin, the country's oldest bank, pleaded guilty to tax evasion charges and will pay $57.8 million in fines. After that, the bank founded...   Read full story »


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