RBS's Coutts Unit Fined in Germany Over Alleged Tax Evasion - Bloomberg Business:
"Swiss bank Coutts & Co. Ltd., a unit of the Royal Bank of Scotland Group Plc, has reached a settlement with German authorities over alleged tax evasion.
Dusseldorf prosecutor spokesman Ralf Herrenbrueck confirmed the €23.8 million ($26 million) settlement, which was first reported by AWP.
Current and former employees of Coutts & Co. in Switzerland were under investigation, the Edinburgh-based lender said in its annual results last February."
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