Swiss Private Banks As Wegelin & Co. Ordered To Pay Fine To U.S. Authorities

Keywords

A pedestrian passes the entrance of Wegelin & Co.'s offices in... News PhotoBank,Bank Manager,Banking,Business,Corporate Business,Economy,Entrance,Environment,Europe,Finance,General View,Horizontal,Office,Pedestrian,Switzerland,White Collar Crime,ZurichPhotographer Collection: Bloomberg 2013 BloombergA pedestrian passes the entrance of Wegelin & Co.'s offices in Zurich, Switzerland, on Wednesday, March 20, 2013. Wegelin & Co. were ordered to pay U.S. authorities almost $58 million at the end of a criminal case after the Swiss bank pleaded guilty to helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service. Photographer: Gianluca Colla/Bloomberg via Getty Images