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Oldest Swiss bank closes after US tax evasion guilty plea
06.01.2013. | Switzerland’s oldest private bank, Wegelin, has announced it would “cease to operate as a bank,” following its admission to tax-law violations in the US.
Wegelin released a statement late on Thursday confirming its closure “once the matter is finally concluded.”
The Swiss bank agreed to pay $57.8 million in fines after admitting to conspiracy charges......
