HSBC Chief Defends Swiss Bank Account Worth $7.7 Million
LONDON — Already forced to apologize for helping clients hide their income from tax authorities, HSBC had to explain on Monday why its chief executive went to lengths for years…
Tag: swiss
HSBC Profit Declines Sharply Amid Tax Backlash
LONDON — The British bank HSBC said on Monday that profit declined 15 percent in 2014, adding to the bank’s challenges as it continues to reel from revelations about efforts…
HSBC Admits Failings After Reports Reveal Subsidiary Helped Rich Hide Money
* HSBC admits failings by Swiss subsidiary * Leaked documents allege bank helped clients to evade taxes * Allegations date back to 2006-07 * Clients include music and sports stars,…
Paul Gauguin Painting Sells For Record $300 Million To Qatar Museums In Private Sale
This article originally appeared on artnet News. by Sarah Cascone A new record price for an artwork, nearly $300 million, may have been achieved with the sale of a Paul…
Australian Open: Roger Federer upset by Andreas Seppi
Seppiwho was 0-10 against Federeradvanced 6-4 7-6 (5) 4-6 7-6 (5) to hand the Swiss his earliest exit at the year’s opening major in 14 years. The result was an…
7 biggest losers from Swiss currency blowout
UBS predicts the Swiss economy will expand by just 0.5% in 2015, down from an earlier projection of 1.8%. Expectations for 2016 have also been lowered, down to 1.1% from…