HSBC’s chief and chairman have conceded the Swiss Leaks scandal has caused “horrible reputational damage” during a UK hearing on the issue.
Britain mulls new laws against tax evasion, as HSBC chief’s own private Swiss bank account is revealed.
Swiss prosecutor opens an investigation into allegations of “aggravated money-laundering” following ICIJ’s Swiss Leaks revelations.
The bank will face committee investigations in the UK, and politicians in the US are weighing Loretta Lynch’s attorney general nomination.
Pressure is intensifying in multiple countries, as prosecutors consider charging the bank, and governments face questions.
Public officials across the globe have condemned the behavior of HSBC, and have called for new investigations, laws, and crackdowns.
The push for a LuxLeaks inquiry committee has been blocked by the leaders of the European Parliament.
Luxembourg gives up its tax rulings fight with the EU, and says the world is now paying attention to the issue.