Gnomes of Zurich will fall like skittles before US investigators finish with them

So farewell, Wegelin & Co, the oldest bank in Switzerland and the one with the simplest strategy for growth — which was to offer secret accounts to American tax-evaders who could no longer obtain that valuable service from bigger Swiss banks such as UBS. Founded by a linen merchant in 1741, which makes it half a century younger than Coutts and Barclays, Wegelin last week pleaded guilty to helping US citizens evade tax on $1.2