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

Basler Kantonalbank

28/05/2015 06:01

ZURICH, May 28 (Reuters) - Swiss regional bank Basler 
Kantonalbank  BSKP.S  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  CSGN.VX , Julius Baer  BAER.VX  and UBS  UBSG.VX  
to settle similar probes with German officials. 
 
($1 = 0.9162 euros) 
 
 (Reporting by Katharina Bart; Editing by Michael Perry) 
 ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)) 
 
Keywords: SWISS TAX/BASLER KANTONALBANK