- Wegelin & Co one of last pure Swiss private banks
- Negotiations at critical stage in Wegelin case
- Investigations shake Swiss banking secrecy tradition
By Lynnley Browning
U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland’s last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case.
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