LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it was working closely with HSBC and other agencies to make sure the bank was meeting proper conduct standards following allegations the bank's Swiss unit helped hundreds of people to dodge tax. In its first statement on the matte
Read more* CEO apologises in full-page newspaper advertisments * Accused in media of helping clients to evade tax * Has admitted failings in compliance and controls (Writes through, adds quotes, background) By Paul Sandle and Steve Slater LONDON, Feb 15 (Reuters) - HSBC apologise
Read moreLONDON, Feb 15 (Reuters) - HSBC published a full-page letter in British newspapers on Sunday to offer its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax. Europe's biggest bank admitted failings in compliance and con
Read more(Updates with Labour leader comments) By William Schomberg LONDON, Feb 14 (Reuters) - A former boss of HSBC, Stephen Green, has stepped down from his position with a financial services lobby group after allegations that the bank helped people dodge taxes. Green, who is under inc
Read moreLONDON (Reuters), Feb 14 - A former boss of HSBC, Stephen Green, has stepped down from his position with a financial services lobby group after allegations that the bank helped hundreds of people dodge taxes during his time in charge. Green decided to step down as chairman of TheCityUK's ad
Read moreFeb 13 (Reuters) - HSBC Holdings Plc hired Kevin Geiger as a vice president for sales and marketing of structured products in New York, Bloomberg reported. Geiger, who previously worked at JVB Financial Group LLC and Citigroup Inc, will report to Todd Fruhbeis, head of wealth management sal
Read more-- Source link: (http://bloom.bg/1AkH0kI) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read morePARIS, Feb 13 (Reuters) - France's finance minister said on Friday Paris had not restricted the use of HSBC client data it passed on to UK authorities to help pursue tax evaders, contradicting comments by a senior British official. Britain's Financial Secretary to the Treasury David Gauke s
Read more(Adds details) By Steve Slater LONDON, Feb 13 (Reuters) - The boss of HSBC said the bank had sometimes failed to live up to the standards expected of it, in his first response to allegations of helping hundreds of people dodge taxes. HSBC this week admitted failings in complianc
Read moreLONDON, Feb 13 (Reuters) - HSBC Holdings Plc said it had sometimes failed to live up to the standards expected by society in the past, but it had overhauled its Swiss private bank and some people alleged by media reports to have been its clients were not. HSBC's Chief Executive Stuart Gulli
Read moreLONDON, Feb 13 (Reuters) - Britain's Treasury Committee will consider whether to quiz former HSBC Chairman Stephen Green over allegations some clients of HSBC's Swiss private bank evaded tax, a lawmaker on the panel said on Friday. The Treasury Committee is due to hear evidence from current
Read more