Recent allegations that HSBC’s Swiss private banking arm facilitated offshore tax evasion by its clients between 2005 and 2007 were a “source of dismay and deep regret”, Stephen Green, the UK lender’s former chairman, said on Wednesday.
Asset Management
Former HSBC chairman ‘regrets’ tax avoidance scandal at Swiss wealth arm
Recent allegations that HSBC’s Swiss private banking arm facilitated offshore tax evasion by its clients between 2005 and 2007 were a “source of dismay and deep regret”, Stephen Green, the UK lender’s former chairman, said on Wednesday.
