ZKB Says Department of Justice Asks for Details on U.S. Business
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Zuercher Kantonalbank, the biggest of the Swiss publicly owned cantonal banks, said it received a letter from the U.S. Department of Justice on Dec. 20 requesting information of how the bank used to do business in the U.S.
“The letter was written in a very friendly tone,” requesting statistical material and other information about the bank’s U.S. business, ZKB spokesman Urs Ackermann said in a telephone interview from Zurich today. “It does not involve handing over client data.”