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  “Of course it didn’t,” Sprecher said earnestly. “Cerruti’s been a nervous wreck forever. And Becker just had the worst kind of luck. I’m just spooked. Or maybe I’ve just had one too many a beer.” He nudged Nick with an elbow. “In any event, some advice?”

  Nick leaned closer. “Yeah, what?”

  “Keep your nose clean after I’m gone. I can see that look in your eyes sometimes. Been here a month and every morning you come in like it was your first day all over again. You’ve got something going. Can’t fool Uncle Peter.”

  Nick looked at Sprecher as if what he’d said were absurd. “Believe it or not, I like it here. There’s nothing going on.”

  Sprecher shrugged resignedly. “If you say so. Just do as you’re told and keep Schweitzer off your back. You know his story?”

  “Schweitzer’s?”

  Sprecher nodded, his eyes opened widely in mock terror. “The London Ladykiller.”

  “No, I don’t.” And after thinking about Becker and Cerruti, he wasn’t sure he wanted to.

  “Schweitzer made his name with the bank trading Eurobonds in London during the late seventies,” said Sprecher. “Eurodollars, Europetrol, Euroyen—they were halcyon days. Everyone was making a fortune. From dawn till dusk, Schweitzer leaned on his staff to package a maximum of offerings. From dusk till dawn, he prowled London’s poshest clubs, dragging an entourage of once and future clients from Annabel’s to Tramp. If you couldn’t syndicate a double A deutsche mark offering at three A.M., two bottles of Tullamore Dew down the hatch and a quiver of tarts at the by, you shouldn’t be in this business: the Schweitzer credo. And it put USB at the top of the rankings.”

  Sprecher laughed at the thought, then finished off the dregs of his mug.

  “One fine spring afternoon,” he continued, “Schweitzer arrived a little late to his suite at the Savoy Hotel. The board of directors had reserved it permanently on his behalf. Convinced them he needed a refined setting in which to meet his clients, he had. The office was too small, too busy. So in walks Armin only to find his most recent mistress, a young minx from Cincinnati, Ohio, and his wife arguing like wildcats.”

  Nick thought the whole thing sounded like a bad soap opera. “So what happened?”

  Sprecher ordered another beer, then went on. “What happened next is still foggy. The official version put forth by the bank stated that at some point during the ensuing altercation, the good Frau Schweitzer, mother of two daughters, treasurer of the Zollikon curling club, and wife of fifteen-odd years to a philanderer of notorious repute, removed a handgun from her purse and shot Armin’s mistress dead. A single round through the heart. Appalled at her actions, she put the revolver to her own head and fired a bullet into her right temporal lobe. Death was instantaneous. As was the transfer of her dearly beloved back to the Zurich head office, where he was assigned to a post of comparative importance though, I dare say, reduced visibility. Got himself a broom closet in the basement. Compliance.”

  “And the unofficial version?” Nick demanded.

  “The unofficial version found its champion in Yogi Bauer, Schweitzer’s deputy at the tragic moment. He’s been retired awhile, but you can find him in some of Zurich’s seedier watering holes, of which the Gottfried Keller Stubli, I am proud to say, is one. Lives here day and night.”

  Sprecher looked over his left shoulder and whistled loudly. “Hey, Yogi,” he yelled, hoisting a full glass above his head. “Here’s to Frau Schweitzer!”

  A black-haired figure bent over a table in the darkest corner of the bar raised a glass in return. “Fucking unbelievable,” Yogi Bauer yelled. “Only housewife in Europe who could smuggle a loaded handgun through two international airports. My kind of girl! Prosit!”

  “Prosit,” answered Sprecher, before taking a long pull from his beer. “Yogi’s the bank’s unofficial historian. Earns his keep regaling us with tales from our illustrious past.”

  “How much of that one is true?” Nick asked.

  “April 19, 1978. Look it up in the papers. Made big news over here. The point is steer clear of Schweitzer. He has a hard-on for Americans. Half of the reason Ott’s recruits don’t last is because Schweitzer is all over them from day one. Yogi claims the American mistress had called Schweitzer’s wife and told her that he was going to ask for a divorce so he could marry her. Ever since, Armin hasn’t been a big fan of the Stars and Stripes.”

  Nick placed both hands in front of him and patted the air gently, as if telling his colleague to slow down. “We’re talking about the same Armin Schweitzer. Big guy, nice gut hanging over his belt. You’re telling me this guy was a real Casanova?”

  “The prick who told you yesterday morning that he’d rather drive a “Trabi’ than a Ford. That’s him. The one and only.”

  Nick tried to smile, to slough off all he had heard, but he couldn’t. Somehow being party to Sprecher’s inchoate suspicions had altered his perception of the bank. Becker murdered; Cerruti, a basket case unable to cope; and now Schweitzer, a gun-toting maniac. Who else was there he didn’t know about?

  Suddenly, Nick was accosted by a memory of his parents quarreling. One of countless spats that had poisoned the house the winter before his father’s murder. He heard his father’s commanding baritone echoing through the hallways and up the stairs to where he sat perched in his pajamas, listening. Eerily, he remembered every word.

  “He’s left me no choice, Vivien. I keep telling you it’s not about my authority. I’d wash the floors if Zurich told me to.”

  “But you don’t even know that this man’s a crook. You’ve told me yourself. You’re guessing. Please, Alex, stop fighting this. Don’t be so hard on yourself. Just do as you’re told.”

  “I won’t work with him. The bank may choose to do business with criminals. I will not.”

  What criminals had his father meant?

  “That’s why I’m telling you,” Sprecher was saying. “Keep your nose clean. Do as you’re told and Schweitzer will stay off your back. If rumors about our cooperating with the authorities are true, it will be his job to clamp down on all portfolio managers. He is compliance.”

  Nick sat bolt upright on his stool, his attention rooted once again in the here and now. “What are you talking about? What rumors?”

  “Nothing official,” Sprecher said quietly. “We’ll find out Tuesday morning. But it seems there’s too much hue and cry about our conduct these days. The banks have reasoned that they’d prefer to cooperate voluntarily rather than face some form of mandatory regulation. I don’t know the p’s and q’s of it, but for a little while at least, we’ll be helping the authorities gather some information about our clients. Not about everybody, mind you. The federal prosecutor will examine evidence presented him and decide which numbered accounts the authorities have a right to examine.”

  “Jesus Christ. It sounds like a witch hunt.”

  “Indeed,” agreed Sprecher. “They’re looking under every rock for the next Pablo Escobar.”

  Nick caught his friend’s gaze, and he knew they were both thinking the same thing.Or the Pasha. “God have mercy on the bank who’s hiding him,” he said.

  “And the man who turns him in.” Sprecher raised two fingers at the barman.“Noch zwei Bier, bitte.”

  “Amen,” said Nick. But he wasn’t thinking about the beers.

  CHAPTER

  6

  At 8:30 A.M. the following Tuesday, a convocation of portfolio managers was held on the Fourth Floor. The subject was the bank’s response to escalating demands it formally cooperate with the United States Drug Enforcement Administration and other international agencies like it. The meeting constituted Nick’s first invitation to set foot on the hallowed Fourth Floor, known throughout the bank as the Emperor’s Lair—in deference to the Chairman—as well as his first visit to the executive boardroom.

  The boardroom was cavernous. The doorway was twelve feet high, the ceiling twenty. Nick walked solemnly across a plush maroon carpet whose borders were i
nlaid with the symbols of Switzerland’s twenty-six cantons. At the carpet’s center, under a prodigious mahogany conference table, lay the seal of the United Swiss Bank: a black Hapsburg eagle rampant dexter on a mustard yellow field, its broad wings outstretched and three keys grasped in its talons. A swirling golden ribbon, captured in the eagle’s prominent beak, advertised the bank’s dictum:Pecuniat Honorarum Felicitatus.Money welcomed gladly.

  Nick stood with Peter Sprecher at the room’s far corner, near the windows that overlooked the Bahnhofstrasse. He knew he should feel intimidated, but he was too busy watching the other portfolio managers. To a man, they gawked at the room’s trappings like a bunch of nervous tourists—pinching the port leather of the conference chairs, running a discreet hand along the burnished wood paneling, puffing up with pride as they studied the bank’s elaborate seal. It was the first visit to the Fourth Floor for many of his colleagues, too.

  He shifted his view to the doorway and caught sight of Sylvia Schon entering the boardroom. She wore a black skirt and blazer. Her hair was pulled back severely into a tight bun. She looked smaller than he remembered, though not the least bit vulnerable in this sea of male executives. She moved around the room greeting her colleagues, smiling, shaking hands, and exchanging a hushed word here and there. It was a textbook display of working a room, and he was impressed.

  Abruptly, the boardroom fell silent. Wolfgang Kaiser entered and strode to a chair positioned directly beneath a portrait of the bank’s founder, Alfred Escher-Wyss. Kaiser did not sit down but stood with one hand placed on the table before him. His eyes traveled the room, a general of the army appraising his troops before a perilous operation.

  Nick stared at him intently. At his cold blue eyes, at his indulgent mustache, and at his limp arm that was buttoned to his left coat pocket. He recalled the first time he had met Kaiser, during his father’s last trip to Switzerland seventeen years ago. Then, he had been terrified of him. The booming voice. The spectacular mustache. It had been too much for a ten-year-old boy. Now, seeing him surrounded by his peers, he felt proud of his family’s association with him and honored that Kaiser had offered him a position at the bank.

  Three men followed Kaiser into the room. Rudolf Ott, vice chairman of the bank (with whom he had interviewed in New York), Martin Maeder, executive vice president in charge of private banking, and last, close behind but a continent apart, an unknown gentleman, tall and reed thin, clutching a battered leather briefcase. He wore a navy suit whose stiff lapels cried out American—Nick should know, his own lapels were the same—and brown cowboy boots whose spit shine would have earned a long, low whistle from the toughest D.I.

  Rudolf Ott called the meeting to order. He wore wire-rimmed spectacles and stood with the defensive posture of a man accustomed to ridicule. “As this bank’s representative to the Association of Swiss Banks,” Ott began, his Basler accent lending his words a nasal inflection, “I have in the past days met with colleagues in Geneva, Bern, and Lugano. Our discussions centered on measures that must be taken in light of current unfavorable winds, to avoid formal federal legislation mandating divulgence of certain confidential client information, not only to the office of the federal prosecutor but to a committee of international agencies. While the secrecy afforded our valued clients remains paramount to the Swiss philosophy of banking, a decision has been made tovoluntarily comply with the demands of our federal government, the wishes of our citizens, and the requests of the internationalauthorities. We must take our place at the table of advanced industrializedWestern nations and help root out those individuals and companies usingour services to spread evil and wrongdoing across the globe.”

  Ott paused to clear his throat, and a murmur rose through the assembled ranks.

  Nick looked at Peter Sprecher and whispered, “Weren’t we advanced and industrialized enough to sit at that table during the Second World War?”

  “You forget,” Sprecher answered, “during the Second War, there were two tables. We Swiss simply couldn’t decide which one to sit at.”

  Wolfgang Kaiser raised his head sharply, and silence descended on the room with the finality of a guillotine.

  Ott lofted a hand in the gangly American’s direction. “The United States Drug Enforcement Administration has provided us with a list of those transactions which they define as “suspicious,’ and likely to be linked to criminal activities—in particular the laundering of money from the sale of illegal narcotics. To give you more detail about our proposed cooperation, I present Mr. Sterling Thorne.” He turned to Thorne and shook his hand. “Don’t worry, they won’t bite.”

  Sterling Thorne did not appear unreasonably worried, thought Nick, as he watched the American agent face the assembly of sixty-five bankers. Thorne’s brown hair was unruly and cut a little too long, as if to say he didn’t belong with the pretty boys at headquarters. He had gunslits for eyes, and cheeks that in his adolescence had fought a battle against acne and lost. His mouth was small and weak, but his jaw could break a pickax.

  “My name is Sterling Stanton Thorne,” began the visitor. “I am an agent for the United States Drug Enforcement Administration, have been for near twenty-three years. Lately, the powers that be in Washington, D.C., have seen fit to appoint me chief of our European Operations. That means that today I’m standing before you gentlemen asking for your cooperation in the war against drug trafficking.”

  Nick recognized the type if not the exact model. Nearing fifty, lifetime in law enforcement, a civil servant masquerading as a latter-day Eliot Ness.

  “Over five hundred billion dollars was spent on illegal drugs in 1997,” said Thorne. “Heroin, cocaine, marijuana, the works. Five hundred billion dollars. Of that sum, roughly one fifth, or one hundred billion dollars, made its way up the food chain into the pockets of the world’s drug supremos. The big guns. That’s quite a sum to be traveling around the world looking for a safe home. Now, somewhere down the garden path a large chunk of that money disappears. Vanishes into a black hole. No individual, no institution, no country ever reports receiving it. It just ceases to exist en route to thenarcotraficantes. Location unknown.

  “Banks all over the world—including plenty in the United States, I’ll readily admit—help launder this money, help recycle it, and put it back into play. Phony invoicing, paper companies, unreported cash deposits to numbered accounts. A new way to launder money is being created every other day.”

  Listening closely, Nick detected a faint country twang, a stubborn reminder of home that had resisted bullying. He thought that if Thorne had been wearing a cowboy hat, he’d tip it back on his forehead right now and raise his chin the smallest bit, just to let us good people know that he was getting serious.

  Thorne raised his chin and stated, “We are not interested in the average clients of this fine establishment. Ninety-five percent of your clients are law-abiding citizens. Another four percent are your small-time tax evaders, bribe takers, lower-level arms traffickers, and bottom-feeding drug dealers. As far as the United States government is concerned, they do not exist.

  “Gentlemen,” Thorne announced, as if they were now united in cause, “we are going after the big game. The top one percent. We have, after these many years, received a license to go elephant hunting. Now, the rules of the hunt are strict. The Swiss gaming authority doesn’t want just any elephant brought down. But that’s all right. We at the DEA have a clear idea of which elephants have the biggest tusks, and they’re the ones we’re after. Not the baby elephants, not even the mama elephants. We’re going after the rogue males. See, they’ve been tagged by you Swiss “game wardens’ at one time or another, so even if you don’t admit to knowing their name, you certainly know their serial number.” He grinned slyly, but when he spoke next his voice assumed a solemn tone. “What matters is that once we provide you gentlemen with the name or serial number of one of those rogue males, for which I remind youwe have received a license, you cooperate.” Thorne cocked one knee and pointed into the
audience. “If you so much as think of protecting one of my rogue males, I give you my word that I’ll find your sorry ass and kick it to the fullest extent of the law. And maybe then some, too.”

  Nick noted more than a few flushed cheeks. The normally calm Swiss bankers were getting pissed off in a hurry.

  “Gentlemen, please pay attention,” Thorne continued. “This is the important part. If any of the rogue males—hell, why don’t we just call them what they are—if any of thecriminals we’re looking for deposits large sums of cash, amounts in excess of five hundred thousand dollars, Swiss francs, German marks, or the equivalent, you people must call me promptly and let me know. If any of these criminals receives wire transfers in excess of ten million dollars or the equivalent, and transfers more than fifty percent of that amount out again, to one, ten, or a hundred banks, in less than twenty-four hours, you gentlemen must inform me, pronto. Keeping your money in one place, that’s being a wise investor. Moving it around day and night, that’s laundering—and his ass belongs to me.”

  Thorne relaxed his stance and shrugged his shoulders. “Like I said, the rules of the hunt are strict. You people are not making it easy on us. But I am counting on you to give me your entire cooperation. We’re trying out this arrangement as a gentlemen’s agreement. For now. Don’t play with this one, boys, or it will explode in your face.”

  Sterling Thorne picked up his briefcase, shook hands with Kaiser and Maeder, then accompanied by Rudolf Ott, walked from the boardroom.

  Good riddance,grimaced Nick, as the spasm of a painful memory grasped his spine. He had his own reasons for not liking the man.

  For a moment, the room guarded a funereal silence. There seemed to be a sort of collective confusion, whether to stay or whether to go. But as long as Kaiser and Maeder remained no one left the room.

  Finally, Wolfgang Kaiser drew a labored breath and rose to his feet. “Gentlemen, a word. If you please.”

  The bankers drew themselves to attention.