Politics 4 January 2013 "The bank wilfully and aggressively jumped in to fill a void that was left when other Swiss banks abandoned the practice" Business quote of the day. Sign up for our weekly email * Print HTML "The bank wilfully and aggressively jumped in to fill a void that was left when other Swiss banks abandoned the practice due to pressure from US law enforcement" US Attorney Preet Bharara criticises Swiss bank Wegelin, which decided to close permanently after pleading guilty in a New York court to helping wealthy Americans evade taxes. The country’s oldest bank will also pay $57.8m in fines to US authorities. › I try to tell myself: I am a human being. My existence is worthwhile The country’s oldest bank will pay $57.8m in fines to US authorities. Photograph: Getty Images Helen Roxburgh is the online editor of Economia Subscribe from just £1 per issue More Related articles Diversify your income in increasingly concentrated UK markets How Brexit will affect boob jobs, hip replacements and other medical devices What happens when the European Medicines Agency leaves the UK?