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Basler Kantonalbank says to pay 38.6 mln euros in German tax probe
May 28, 2015 / 5:27 AM / 2 years ago

Basler Kantonalbank says to pay 38.6 mln euros in German tax probe

ZURICH, May 28 (Reuters) - Swiss regional bank Basler Kantonalbank said on Thursday it will pay 38.6 million euros ($42.13 million) to settle a probe by German officials over undeclared assets in hidden offshore accounts in Switzerland.

The Basel-based lender is the fourth Swiss bank, after Credit Suisse, Julius Baer and UBS to settle similar probes with German officials. ($1 = 0.9162 euros) (Reporting by Katharina Bart; Editing by Michael Perry)

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