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Old 04.01.2013, 13:54
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Re: Swiss bank Wegelin fights US summons

Quote:
Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes.

Wegelin, which was established in 1741, has also agreed to pay $57.8m (36m; 44m euros) in fines to US authorities.

It said that once this was completed, it "will cease to operate as a bank".
http://www.bbc.co.uk/news/business-20907359
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