The Swiss Bank Stonewall Cracked

Wegelin & Co., founded in 1741 as the oldest Swiss bank, will close its doors after admitting it helped Americans evade US Income taxes.  The settlement of $58 Million may be rejected by a US judge however as too lenient.  This is also the first time a Swiss Bank not only admitted guilt, but also closed its doors, which finally shows the US has the guts to follow through on foreign banks.  This particular bank was apparently small enough to fail.  At least it's a start.