Swiss Neue Privat Bank Cooperating With Justice Department Probe
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NPB Neue Privat Bank AG, a Zurich-based private bank and asset manager, said it’s part of a group of Swiss wealth managers cooperating with a U.S. probe into alleged offshore tax evasion by Americans.
“As with many other Swiss banks with U.S. clients, Neue Privat Bank has been contacted by the Department of Justice,” Andreas Hildenbrand, a spokesman for the firm, said by phone today. “The bank is cooperating with the Department of Justice in line with Swiss law” and is consulting with Switzerland’s financial services regulator, Finma, on the matter, he said.