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Old 04.01.2013, 14:28
Laertes Laertes is offline
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Re: Swiss bank Wegelin fights US summons

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Any word on why they chose to reverse course and just plead and pay (and go completely out of business)? Seems really strange.
All the non-US business of Wegelin has been sold to Reiffeisen quite some time ago. Wegelin only kept the US customer with the purpose to deal with the allegation. If I rembember correctly than the partners of Wegelin are privately liable. Thus they may have an interest in settling the matter.
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