Bank Vontobel is reportedly in talks with German tax authorities, according to local reports, which claim that the bank is 30 of one Swiss banks that has been under investigation for possibly having helped in tax evasion efforts. While the reports also state that it is unclear if and how much the bank might end up paying to the authorities to settle over the issue, Basler Kantonalbank recently reached a settlement of €38.6mn in similar circumstances.
Bank Vontobel is reportedly in talks with German tax authorities, according to local reports, which claim that the bank is one of 30 Swiss banks that has been under investigation for possibly having helped in tax evasion efforts. While the reports also state that it is unclear if and how much the bank might end up paying to the authorities to settle over the issue, Basler Kantonalbank recently reached a settlement of €38.6mn in similar circumstances.