News

Global lender HSBC agreed to pay more than €294 million to avoid trial in Belgium for allegedly helping thousands of clients dodge billions of euros of taxes as revealed by the "Swiss Leaks" more than four years ago, Belgian prosecutors said Tuesday. Since February 2015, when coverage of the leaks revealed that private bankers with HSBC's affiliate in Geneva had approached and offered wealthy individuals around the world a discreet way to hide undeclared assets in a scheme that ran for several years, the bank has triggered investigations in several countries, including Argentina, India, Spain and the United States. HSBC's...