imageZURICH: Swiss regional bank Basler Kantonalbank said on Thursday it will pay 38.6 million euros ($42.13 million) to settle a probe by German officials over undeclared assets in hidden offshore accounts in Switzerland.

The Basel-based lender is the fourth Swiss bank, after Credit Suisse, Julius Baer and UBS to settle similar probes with German officials.

Copyright Reuters, 2015

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