Midweek Roundup: Justice Department Indicts Swiss Bank, Indian Financial Institutions See Rise in Oversight, and More

The U.S. Justice Department has accused Wegelin & Co., Switzerland's oldest bank, and three of its client advisors of helping 100 American evade at least $1.2 billion in taxes, USA Today reported Monday. More The indictment follows the bank's closure earlier this month, the newspaper said. More Separately, Julius Baer Group, which saw its profits decline due to a similar U.S. investigation, said it expects to pay a monetary penalty, Bloomberg reported. More Efforts by the United Nations to censure Syria, potentially with sanctions, fell through on Saturday after China and Russia vetoed a Security Council resolution against the Middle...