Settlement with German prosecutors,which involves immunity for any current for former staff, is latest embarrassment for bailed-out bankRoyal Bank of Scotland is paying 23.8m (£17.3m) to German prosecutors to settle an investigation into tax evasion by portion of Coutts, or best known for being banker to the Queen.
The settlement is the latest embarrassment for the bailed-out bank. The investigation,which was only revealed earlier this year, covered a 10-year period until 2014 in the Swiss banking arm of Coutts. Related: Coutts' Swiss operation faces tax evasion claims Continue reading...
Source: theguardian.com