Abu Dhabi intends to set itself up as a new hub for wealth management, with the head of its nascent international financial centre declaring Switzerland’s old model of private bank secrecy to be “dead”. (Photograph: Sam Robinson/Digital Vision /Getty)

Abu Dhabi intends to set itself up as a new hub for wealth management, with the head of its nascent international financial centre declaring Switzerl(...)

HSBC has told the Dail Committee on Public Accounts that it will not be coming before it to discuss the bank’s apparent role in the facilitation of tax evasion through its Swiss branch. Photo: Reuters

HSBC in London has told the Dáil Committee on Public Accounts that it will not be coming before it to discuss the bank’s apparent role in the facilita(...)

Spain’s Telefonica said it will sell British telecom giant O2 to Hong Kong group Hutchison Whampoa for £10 billion in a deal that could create Britain’s biggest mobile phone firm. (Photograph: JOHN D MCHUGH/AFP/Getty Images)

Li Ka-shing’s Hutchison Whampoa agreed to acquire Telefonica SA’s O2 unit, creating the UK’s biggest wireless provider by customers and marking a mil(...)

Employees work at the third factory of Dongfeng Peugeot Citroen Automobile company, after its inauguration ceremony, in Wuhan. Photograph: Reuters

Activity in China’s factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in (...)

The chief secretary to the treasury Danny Alexander speaking in the Commons yesterday. Photograph: PA Wire

Increased penalties for people who fail to pay taxes due on money held in offshore banks, along with levying significant fines on companies who try t(...)

HSBC went against the overwhelming consensus for euro weakness on Thursday by raising its euro forecast to $1.20 by the end of 2017, arguing that the (...)

In Dublin Ryanair rose by more than 1.3 per cent as investors greeted the news that its board has ratified a push into the transatlantic market in coming years

Germany’s Dax raced to record highs on Monday, part of an extended rally of the European stock market driven by investors’ expectations that a weaken(...)

Planet Business

In numbers: Neeson goes green 3 million Number of Facebook fans of Tourism Ireland, which this week shared a 60-second film in which movie star Liam N(...)

Revenue chairman Niall Cody told the Public Accounts Committee (PAC) yesterday that some 19 Irish resident holders of HSBC Swiss accounts have made settlements so far yielding €4.6 million. Photograph: Sam Boal /Photocall Ireland

*Revenue had initiated 33 investigations on suspicion of tax evasion relating to HSBC, 27 of which were complete, with six ongoing, the Committee of (...)

Stuart Gulliver, Group Chief Executive of HSBC, leaves the Houses of Parliament.

HSBC chief executive Stuart Gulliver said he was the right person to run Europe’s biggest bank and fix problems of the past after British lawmakers be(...)