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Swiss private bank Wegelin confirms that it's the firm whose three employees face charges in the U.S. for helping American citizens hide $1.2B in assets from tax authorities. "Although U.S. law has some scope for interpretation in this case, Wegelin & Co is certain that Swiss law was not broken," the bank says

Wegelin braced for U.S. legal fight as staff charged

http://www.reuters.com/article/2012/01/04/wegelin-idUSL6E8C40N720120104?type=companyNews&feedType=RSS&feedName=companyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FcompanyNews+%28News+%2F+US+%2F+Company+News%29