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Swiss bank's problems erode HSBC's profit and reputation

Swiss unit, with 2008 profit of US$553m, in red in 2013; number of accounts falls to 10,343 in 2014 from 30,000 in 2007

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HSBC's Swiss private bank has seen a steep drop in profits since 2008 and even fell to a loss in 2013, showing how problems in the business have hit the British bank's bottom line as well as its reputation.

London

HSBC's Swiss private bank has seen a steep drop in profits since 2008 and even fell to a loss in 2013, showing how problems in the business have hit the British bank's bottom line as well as its reputation.

Its Swiss private bank lost US$291 million in 2013, the last set of