HSBC Holdings' (HSBC) Swiss Unit Proved by Geneva Officials
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HSBC Holdings (HSBC) Lower Following 'Swiss Leaks' Data
February 9, 2015 10:59 AM ESTHSBC Holdings (NYSE: HSBC) is lower Monday following news over the weekend of leaked data with respect to the bank's Swiss arm.
Notably, data highlights how HSBC's Swiss unit accommodated clients that were on U.S. sanction lists or were ousted following the Arab Spring and assisted clients in tax-evasion schemes. New details were revealed by former HSBC computer analyst, Hervé... More
