March 13, 2010 - U.S. likely to get peek at HSBC accounts
U.S. authorities are likely negotiating with the French through a treaty request to get the names of any U.S. clients, lawyers said on Friday.
March 11, 2010 - Some 24,000 hit by stolen HSBC Swiss bank data
HSBC Private Bank (Switzerland) said 9,000 of them had since changed banks, leaving 15,000 of its remaining customers concerned by the leak.
March 11, 2010 - HSBC Says 15,000 Hit by Swiss Data Case
HSBC Holdings said the theft of Swiss client data at the heart of a recent tax dispute with France was vastly larger than it had previously acknowledged, involving at least 15,000 clients, David Jolly reported in The New York Times.
March 11, 2010 - HSBC Says Swiss Data Theft Affects 24,000 Accounts
HSBC , Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
March 11, 2010 - Swiss Data Theft Hits 15,000 HSBC Clients
ZURICH—HSBC Holding PLC's Swiss private bank on Thursday issued a public apology to its clients for the theft of 15,000 sets of client data...
Februarty 18, 2010 - HSBC client admits to US tax evasion charges
The court filings listed the defendant's banker as an unindicted co-conspirator. HSBC declined to comment.
February 16, 2010 - Tax Evasion Case Draws in Another Bank
Juanita Gutierrez, a spokeswoman for HSBC, declined to comment. Last December, a person briefed on the matter said that the Justice Department had expanded its investigation into foreign banks that sell offshore private banking services to include HSBC and Credit Suisse.
February 16, 2010 - Surgeon Admits Conspiring to Hide HSBC Cash From IRS (U
A Virginia surgeon pleaded guilty to conspiring with an HSBC Holdings Plc banker to hide a Swiss account from U.S. tax authorities
February 15, 2010 - Euro govts step up pressure on Swiss over banking...
Switzerland has also been under fire for not signing a new double tax agreement with France after a row broke out over the theft of client data from HSBC’s Geneva office.
February 10, 2010 - TIMELINE-Mounting pressure on Swiss bank secrecy
...Dec. 9 - HSBC Holdings Plc says an ex-employee stole client data from its Swiss private bank's headquarters in 2006 and 2007. The employee passed the stolen information to French tax authorities....
February 4, 2010 - U.S. Report Details Money Laundering
The report recommends strengthening regulations against money laundering at banks and revoking exemptions for lawyers and other third parties from restrictions on money laundering in the USA Patriot Act.
February 4, 2010 - For LGT Chief, Déjà Vu in the Tax-Haven Debate
Ramped-up efforts by governments to clamp down on tax evasion have reverberated around the world, from the Cayman Islands and Monaco to Hong Kong and Singapore.
January 27, 2010 - DOJ/IRS: "We're Just Getting Started....
It's become increasingly apparent to me that there is a systematic effort by tax authorities in every high-tax country to systematically shut down the offshore "escape hatch."
January 20, 2010 - Swiss to exclude stolen data from tax cooperation
Switzerland will not cooperate with foreign authorities on tax cases where client data has been stolen from banks, its Finance Department
January 18, 2010 - Proposed US tax law to lay burd
A proposed United States act that would require banks in Hong Kong and around the world to identify their American customers could be passed into law as soon as Congress reconvenes this week following a holiday break.