|TUESDAY, FEBRUARY 10, 2015|
Feb 10, 2015
Wall Street at Close Report on February 10, 2015: U.S. stocks close at highest level this year on Greece hopes.
U.S. stocks close at highest level this year on Greece hopes
The BBC Reports - February 10, 2015: Banking giant HSBC helped wealthy clients across the world evade hundreds of millions of pounds worth of tax, the BBC has learned.
What has to say about it, the corrupt banking system in Perú? Mr. chief of SBS with a Doctorate or PHD in economics , I am not sure. Would you be so kind to explain the reason you did not suspend the HSBC bank , long time ago to keep on operating in Perú? The HSBC bank had a long tail of corruption behavior worldwide known by professionals in economics finance, politics, etc? I guess you did not know , did you?
Fernando Guzmán Cavero
Panorama has seen accounts from 106,000 clients in 203 countries, leaked by whistleblower Herve Falciani in 2007.
The documents include details of almost 7,000 clients based in the UK.
HSBC admitted that it was "accountable for past control failures." But it said it has now "fundamentally changed".
"We acknowledge that the compliance culture and standards of due diligence in HSBC's Swiss private bank, as well as the industry in general, were significantly lower than they are today," it added.
The bank now faces criminal investigations in the US, France, Belgium and Argentina, but not in the UK, where HSBC is based.
HSBC said it is "co-operating with relevant authorities".
Treasury minister David Gauke defended the government's actions on tax avoidance in the House of Commons after Labour MP for Birmingham Ladywood Shabana Mahmood tabled an urgent question.
He insisted that the Treasury approach has been "very successful", saying it has sought prosecution for "serial tax evaders" and raised extra tax revenue.
To read full article click: http://www.bbc.com/news/business-31248913
European Markets at Close Report on February 10, 2015: European stocks close higher hopes rise for Greece deal. | Marketwatch
European stocks close higher hopes rise for Greece deal
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