U.S. cranks up the heat on Swiss bankers
Catherine Mclean ZURICH—
From Monday's Globe and Mail
Published Sunday, Feb. 12, 2012 7:00PM EST
Until recently, the quiet Swiss town of St. Gallen was best known for the medieval manuscripts housed in its abbey library.
But lately the city has had to grapple with a less pious claim to fame: St. Gallen is home to Wegelin, a private bank indicted by U.S. authorities this month for allegedly helping rich Americans evade taxes.