HSBC’s Swiss deposits drop by almost half

Bank comes close to admitting its Swiss branch was used to facilitate tax evasion and money laundering, and says its deposits have dropped to $68bn since it initiated project to improve standards


HSBC statement in full

‘We have taken significant steps over the past several years to implement reforms and exit clients who did not meet strict new HSBC standards’






YOU MAY ALSO LIKE...

The Irish Times ePaper

Common Ground

How does a post-Brexit world shape the identity and relationship of these islands

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people