By Katharina Bart
An indictment of Zuercher Kantonalbank by U.S. officials in an ongoing tax probe would not mean the state-backed bank’s demise, Chief Executive Martin Scholl said in an interview with Sunday’s edition of Sonntagszeitung.
Scholl told the newspaper that the bank was in sound financial health and its position underpinned by its majority shareholder, the canton of Zurich.
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