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The last private bank in St Gallen

Switzerland’s oldest private bank, Wegelin, closed earlier this year after being indicted for selling tax-evasion services to wealthy Americans. The Vadian Bank is now the only remaining private bank in St Gallen, but it’s quite different from Wegelin. It’s owned by a local citizens’ association and has a tax-compliant strategy. (SF/

This content was published on March 4, 2012 - 13:52

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