US tax scandal brings down Wegelin
Switzerland's oldest private bank, Wegelin & Co, will sell most of its business to the Raiffeisen Group amid a dispute with United States tax authorities.
Wegelin, which was founded in 1741, said on Friday most of its clients and staff would be transferred to a company called Notenstein Private Bank which will in turn become a 100 per cent subsidiary of the Raiffeisen banking group. The sale price has not been made public.
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Slamlander, Switzerland Nick teh Greek, Switzerland Freeman, - Arnaud, SwitzerlandQuickpoll
The cabinet wants to increase the cost of an annual motorway permit from SFr40 to SFr100 to help pay for road upgrades. This is:
This poll ends on: 19.02.2012
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