Switzerland’s oldest bank shuts after 250 years due to massive fraud

By Mario A.  /  January 4, 2013  /  Economy, Europe, News  /  No Comments

By Nate Raymond and Lynnley Browning | Independent.ie Switzerland’s oldest private bank is to shut down permanently after more than 250 years following its guilty plea to charges of helping wealthy Americans evade taxes through secret accounts. The plea, in US District Court in Manhattan, marks the death knell for Wegelin and Co, one of Switzerland’s [...]