Wegelin & Co.

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One of Switzerland's oldest private banks, closed in 2013 due to tax disputes.

Last updated August 31, 2026

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First read: Nov 4, 2026
Latest read: Nov 4, 2026

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Overview

Founded in 1741, Wegelin & Co. was one of Switzerland's oldest private banks, headquartered in St. Gallen. It provided private banking services to wealthy clients. In 2012, it pleaded guilty to conspiracy for helping US clients evade taxes and agreed to pay fines, subsequently closing in 2013 with its business acquired by Raiffeisen.

Products and positioning

High-end private bank with a long history.

Product categories. Private banking services

Controversies

2012
Wegelin & Co. pleads guilty in US tax evasion case
Wegelin & Co.承认协助美国客户逃税，同意支付约7400万美元罚款。

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