ZKB CEO Says Bank Expects Talks With U.S. on Tax Probe This Year
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Zuercher Kantonalbank, one of about a dozen Swiss banks under investigation over whether they helped Americans evade taxes, expects to start talks with U.S. prosecutors this year to resolve the allegations.
Chief Executive Officer Martin Scholl said in an interview in Zurich today that he is waiting to hear from U.S. authorities after the Justice Department last month extracted a guilty plea and an agreement to pay $2.6 billion from Credit Suisse Group AG, the first global bank in a decade to admit to criminal wrongdoing in the U.S.