Post by etikhatun669911 on May 1, 2024 22:35:12 GMT -5
Chief Executive Stuart Gulliver signed a notice published in several newspapers alleging that the controversy is about "historical" practices that do not reflect the bank's current standards.
clients circumvent the treasury, Gulliver said in the announcement.
"We have to show that we understand that the societies we Brazil Email List serve expect more from us," Gulliver said. "For this we offer our most sincere apology."
HSBC has been at the center of an intense political debate in Britain since local media reported that its Swiss private banking division "vigorously marketed" plans for the rich to avoid paying taxes.
The opposition Labor Party has criticized the government for not prosecuting those who cheat the treasury, at a time when it is reducing benefits to the poor.
The reports were based on documents, mostly from between 2005 and 2007, leaked by a former HSBC employee who handed over the information to French tax authorities in 2008. France shared the information with other governments, which launched their own investigations.
Reports identified celebrities, arms dealers and blood diamond dealers as clients and the fact that Gulliver issued an apology underlines the potential damage to the bank.
clients circumvent the treasury, Gulliver said in the announcement.
"We have to show that we understand that the societies we Brazil Email List serve expect more from us," Gulliver said. "For this we offer our most sincere apology."
HSBC has been at the center of an intense political debate in Britain since local media reported that its Swiss private banking division "vigorously marketed" plans for the rich to avoid paying taxes.
The opposition Labor Party has criticized the government for not prosecuting those who cheat the treasury, at a time when it is reducing benefits to the poor.
The reports were based on documents, mostly from between 2005 and 2007, leaked by a former HSBC employee who handed over the information to French tax authorities in 2008. France shared the information with other governments, which launched their own investigations.
Reports identified celebrities, arms dealers and blood diamond dealers as clients and the fact that Gulliver issued an apology underlines the potential damage to the bank.