Swiss bank Banque Pictet admits hiding Americans’ income from IRS

A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015.  Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more