UK banking giant HSBC got a fresh blast of embarrassing publicity over the weekend, as a mountain of new details on its Swiss bank’s historical services for unsavoury characters and tax evaders were dumped on the media.
The Swiss unit of HSBC has been the source of unwelcome attention for years, following a well-publicised data theft by a former employee and the opening of a criminal investigation by US authorities into its alleged aiding of tax evasion.
