Vontobel must pay 13.3 million euros over untaxed German assets

Vontobelmust pay 13.3 million euros (11.65 million pounds) in a deal with German authorities over untaxed assets, an agreement the Swiss private bank said on Friday completes its efforts to rectify past mistakes.The pact was struck with the German state of North Rhine-Westphalia in connection with untaxed assets held by German clients.It applies to all German states, the Swiss bank said.