Swiss Bank Wegelin Agrees to Sale Amid U.S. Tax Crackdown

Swiss Bank Wegelin Agrees to Sale Amid U.S. Tax Crackdown

Wegelin & Co. via Bloomberg

Wegelin & Co., the 270-year-old Swiss private bank, agreed to a sale to Switzerland’s Raiffeisen Group after coming under investigation in the U.S. for allegedly helping Americans evade taxes.