France ends probe of HSBC's Swiss bank, eyes first trial
Add BT as a preferred sourceParis
A FRENCH investigation into HSBC's Swiss private bank over a suspected tax-dodging scheme for wealthy customers has ended, bringing it a step closer to a possible trial, a judicial source said on Monday.
HSBC last week admitted failings in compliance and controls in the Swiss unit and faces investigation by US authorities and an inquiry by British lawmakers after reports that it helped customers conceal millions of dollars of assets in a period up to 2007.
TRENDING NOW
Dim sum chain Tim Ho Wan to close first Singapore outlet as part of Plaza Singapura’s redevelopment
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
