“During the first six months of the year, the Liechtensteinische Landesbank (LLB Vaduz) saw its net profit plunge 77 percent to 13.6 million Swiss francs ($14.7 million), the bank said in its earnings statement. The bank said late last month that it had agreed to pay $23.8 million to American tax authorities, which in turn would refrain from any legal actions against the bank. On Thursday, it said it had set aside further provisions amounting to 31.2 million francs ‘for a possible outflow of assets in connection with payments to the US authorities.'”
http://www.thelocal.ch/20130829/us-tax-deal-hits-liechtenstein-bank-profits
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