HSBC is one of the largest banking and financial services organisations in the world. It has around 89 million customers throughout its four global businesses. It consists of 7,200 offices in over 80 countries. HSBC first opened for business in Hong Kong in 1865.
And with the latest news its looks like more fines, but don't worry I'm sure I'll pay!
17 Nov '14
HSBC Belgium charged with tax fraud
HSBC's private banking arm is facing charges of tax fraud by Belgium authorities. The Switzerland-based bank is accused of enabling more than 1,000 Belgians dodge taxes by transferring money to offshore tax havens. Brussels authorities said the bank had "knowingly eased and promoted fiscal fraud by making offshore companies available to certain privileged clients". It said these companies existed solely to aid tax avoidance. HSBC said it would "continue to cooperate to the fullest extent possible".
17 Nov '14
When reporters and staff working for multi billion pound media companies get cought phone tapping to give their paper an edge the individuals get dealt with in a cour of law !! When individuals working for banks get cought they get off Scott free with a big bonus and pay off and the Bank gets multi million fine it's one law for one and another for banks . But I guess it's not what you know but who you know and maybe the papers know just a little to much !! What a joke Keep Smilling
13 Nov '14
So I've been fined again as the share holder. What did I do wrong? Apparently its too difficult to get a case against the individuals involved. Something not quite right with this.
3 Nov '14
Woody was right
Looks like Mr Woodford is correct in that banks will be hit because they can pay
27 Oct '14
Qatar outbids Chinese for £1.1 billion HSBC tower: The Qatar Investment Authority is understood to have made a £1.1 billion offer for the HSBC tower, seeing off the likes of China Life and Ping An to become the preferred bidder in one of the biggest-ever U.K. property deals.
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