Rothschild Agrees to Pay $45.4 Million to End U.S. Tax Probe

Edmond de Rothschild (Suisse) SA and a related unit agreed to pay $45.4 million to avoid prosecution for helping U.S. clients evade taxes.

Rothschild is the 68th Swiss bank to reach an accord with the U.S. Justice Department this year. Those banks have agreed to pay a total of $802.3 million.