This El Dorado of the banking scene became Bavaria's "off-shore" banking capital and gave German investors lucrative tax benefits. At the height of Jungholz banking in 2008, the village's Volksbank, Sparkasse and Raiffeisenbank Reutte had more than €4bn in their vaults – significantly more than the entire Tirolean state budget at the time. Indeed, it became a sort of Alpine Wild West, with cars arriving in the dead of night piled with suitcases full of black money.

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