|
"The
case is at roughly the same stage as it was last year," CEO
Martin Scholl told a news conference. The U.S. Department of
Justice is investigating ZKB on suspicion it helped wealthy
Americans evade taxes.
Scholl declined to comment on what reserves the bank had built
to settle the case.
Scholl also said the bank wasn't planning to pass on negative
interest rates to retail customers as long as nothing
fundamentally changed.
(Reporting by Angelika Gruber; writing by Brenna Hughes Neghaiwi;
Editing by Michael Shields)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
