Swiss banking

US, Switzerland singled out by new financial secrecy index
Cecile S. Gallego · January 30, 2018

Switzerland has delayed and the U.S. has refused to take part in reforms aimed at curbing financial secrecy, according to the Tax Justice Network’s new Financial Secrecy Index.

HSBC to pay $352m to settle tax evasion charges in France
Martha M. Hamilton · November 15, 2017

HSBC has agreed to pay $352 million to settle charges that it helped wealthy clients of its private Swiss bank evade taxes in France.

Report on HSBC’s rocky road to reform in US to be made public
Hamish Boland-Rudder · January 31, 2016

A judge has ruled that a report on HSBC’s attempts to fix compliance issues should be public, despite resistance from both the bank and the government.

Seven times tax evasion made headlines in 2015
Cecile S. Gallego · December 29, 2015

From tax cheats to heated policy debates, 2015 has been a year of tax scandals, reforms and international agreements.

Falciani absent as Swiss begin criminal trial over HSBC data
Martha M. Hamilton · November 3, 2015

Prosecutors opened the criminal trial of a former HSBC IT worker accused of theft, but the defendant refused to leave France to face charges.

‘We didn’t get everything right’: Lord Green concedes on HSBC
Hamish Boland-Rudder · July 21, 2015

A former head of the embattled bank and current member of Britain’s House of Lords has conceded compliance failures at the bank’s Swiss branch.

HSBC pays Swiss authorities record-breaking fine
Hamish Boland-Rudder · June 4, 2015

Four months after a historic police raid, Geneva’s prosecutor dropped a criminal probe into HSBC, but left the bank with a warning.

Belgium to reclaim €540m taxes from HSBC accounts
Hamish Boland-Rudder · June 3, 2015

Belgian authorities have reportedly investigated about 1000 client accounts from HSBC’s Swiss branch.

Ricci heiress convicted for tax evasion using HSBC
Martha M. Hamilton · April 14, 2015

The heiress to a major fashion empire has been sentenced to prison for tax evasion in the first of 50 cases expected in France.

French set €1b bail as HSBC probe goes beyond Swiss branch
Martha M. Hamilton · April 10, 2015

Prosecutors are expanding a criminal investigation to include the bank’s global operations, as tax policy becomes a UK election issue.