Wegelin clients pulled $4 bln, prompting sale-paper
ZURICH, Jan 29 (Reuters) - The break-up of Switzerland's oldest bank Wegelin, involved in a row with U.S. authorities over tax cheats, became necessary when clients pulled 4 billion Swiss francs ($4.35 billion) of wealth, Der Sonntag newspaper reported on Sunday, citing unspecified sources. Under pressure from the investigation, the 270-year-old institution moved assets of 21 billion Swiss francs ($22.9 billion) to a subsidiary Notenstein Privatbank, which was then bought by cooperative bank Raiffeisen. Wegelin is still left with U.S. assets under scrutiny from U.S. prosecutors. In his first interview since news of the sale broke on Friday, Wegelin head Konrad Hummler told the paper he had done the right thing at the right time. "We became the victims of a larger matter. I don't want to say more than that," he said in a separate interview. Citing unnamed sources, Der Sonntag said the purchase price for the bank's good assets was somewhere between 2.5 and...