Category Archives: HSBC

09 Feb

HSBC bank helped it’s customers avoid millions in tax

HSBC, the UK’s biggest bank helped wealthy customers cheat the UK out of millions of pounds in tax according to the BBC’s Panorama after seeing 1,000’s of accounts from HSBC’s private bank in Switzerland leaked in 2007. They show bankers helped clients evade tax and offered deals to help tax dodgers stay ahead of the

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02 Feb

New Mis-selling Scandal to hit Barclays, HSBC, RBS and Lloyds

UK banks Barlcays, HSBC, RBS ad Lloyds are set to be embroiled in controversy once again with fresh claims of mis-selling. UK bank shares took a tumble when the Financial Ombudsman earlier last week said they had received up to 4,000 complaints (a week) about mis-sold loan insurance. The overall figure, however, is thought to

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16 Jan

Argentina bans HSBC bank money transfers abroad

HSBC bank has faced further pressure in Argentina after the country’s central bank suspended HSBC Bank Argentina’s right to transfer money abroad for 30 days. In a statement to the media issued on Monday, the Argentine central bank said its decision was due to irregularities in credit transfers that HSBC Bank Argentina had failed to

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