Tag Archives: HSBC HOLDINGS PLC

20Oct/15

Deutsche’s $6bln ‘fat finger’ episode

(BVO) – It was the right client but the wrong amount.

Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
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23Feb/15

How many times can HSBC say sorry?

(BVO) – Can it get any worse for HSBC? On this evidence probably not.

Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
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11Feb/15

UK Labour leader says HSBC enabled tax avoidance on an ‘industrial scale’

Britain’s Labour opposition leader Ed Miliband alleges that HSBC bank enabled tax avoidance on an industrial scale. British Prime Minister David Cameron says that “every proper process” was followed when he appointed Stephen Green, HSBC’s former executive chairman, to be a trade minister in 2010.

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10Feb/15

Spain’s Podemos party says Falciani, source of HSBC leaks, to advise it

The leader of Spanish anti-austerity party Podemos (We Can) confirms that Herve Falciani, the so-called HSBC whistle-blower, will help his party with its election programme by producing a tax fraud report for the Spanish party.

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