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The Magic Cafe Forum Index » » Not very magical, still... » » Switzerland's oldest bank is to close (0 Likes) Printer Friendly Version

tommy
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Eternal Order
Devil’s Island
16253 Posts

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Wegelin, which was established in 1741, in the small Swiss town of St Gallen, started in business 35 years before the US declaration of independence. It is closing as a result of being fined by the US for keeping US citizens bank accounts there secret and so evade tax. Other Swiss banks have in recent years moved to prevent US citizens from opening offshore accounts. So it looks like the end of ye old Swiss bank and ye old Swiss bank accounts for the ye old US citizens.

http://www.bbc.co.uk/news/business-20907359
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
ed rhodes
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Inner circle
Rhode Island
2758 Posts

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Besides, everyone knows the Cayman Islands is the place to go to these days.
"There's no time to lose," I heard her say.
"Catch your dreams before they slip away."
"Dying all the time, lose your dreams and you could lose your mind.
Ain't life unkind?"
Chessmann
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The Nazis started a bank they called Fegelein Bank, but Hitler ended up shutting it down.
My ex-cat was named "Muffin". "Vomit" would be a better name for her. AKA "The Evil Ball of Fur".
The Magic Cafe Forum Index » » Not very magical, still... » » Switzerland's oldest bank is to close (0 Likes)
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