HSBC

HSBC Scandal Causes Irritation In Parliament

HSBC Scandal Causes Irritation In Parliament by Thomas Stephens, swissinfo.ch
The so-called Swiss Leaks revelations have re-opened questions and criticism of regulators’ ability to supervise the banking sector. Politicians are demanding explanations from the cabinet.

The revelations concern the Swiss HSBC subsidiary. It allegedly helped some clients avoid paying taxes by hiding billions of dollars,  according to HSBC files stolen by a former employee in 2007. French authorities . . .

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