Midweek Roundup: Swiss Bank Targeted by DOJ Tax Evasion Probe, Austria “Softens” on Bank Secrecy, and More

NPB Neue Privat Bank AG is among at least 14 Swiss financial firms being investigated by the U.S. Justice Department for allegedly helping Americans evade taxes, Bloomberg reported Monday. Credit Suisse Group AG and Julius Baer Group Ltd are among the other Swiss institutions under investigation in a tax probe that has lasted nearly two years. More The largest Bitcoin exchange company, Mutum Sigillum LLC, is accused of operating as an unlicensed money transmitter, Payments Source said Wednesday, citing a Department of Homeland Security (DHS) search warrant filed in the U.S. District Court of Maryland. The court filing accuses the...