HSBC says CEO Stuart Gulliver holds Swiss account
She said the account was set up in 1998 in the name of a Panamanian company for reasons of confidentiality "and this had no other purpose and provided no tax or other advantage." She did not say how much the account contained.
Feb 23, 2015, 11:20 AM IST
UK mulling new tax evasion law after HSBC scandal
British government is mulling a new law to penalise companies, banks as well as accountants who help people evade tax, in a crackdown on corporate tax evasion in the wake of HSBC tax-dodging scandal.
Feb 22, 2015, 19:47 PM IST
HSBC sees Budget focusing on public investment-led growth
Finance Minister Arun Jaitley is likely to earmark higher funds for public investments in the Budget to be presented this weekend, taking advantage from the savings he could mop-up from the steep fall in oil import bill in the past few months, says a report.
Feb 22, 2015, 19:35 PM IST
Britain distances itself from HSBC scandal
The UK on Friday distanced itself from the scandal involving HSBC, two days after Swiss police raided the global banking giant's offices in Geneva as part of its probe into "suspected money laundering" that involves 1,195 Indians.
Feb 20, 2015, 21:10 PM IST
PM Modi lucky till now; no change on business ground: Deepak Parekh
Pitching for relaxing "administrative controls" to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government.
Feb 18, 2015, 18:56 PM IST
PM Modi had 'lucky 9-months' with fall in oil price: Deepak Parekh
Showing signs of restlessness, Deepak Parekh, Chairman of HDFC, on Wednesday said there have been no improvement on ease of doing business in the country and that PM Modi had 'lucky 9-months' with fall in oil price.
Feb 18, 2015, 17:42 PM IST
Black Money: Swiss police search HSBC offices; bank faces laundering probe
Geneva`s public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering.
Feb 18, 2015, 15:00 PM IST
Black money: I-T dept to file complaint against HSBC Geneva
The Income Tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
Feb 16, 2015, 19:11 PM IST
Britain's HSBC says sorry over past standards at Swiss bank
HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.
Feb 15, 2015, 22:25 PM IST
HSBC publishes apology in British papers over tax evasion claims
HSBC published a full-page letter in British newspapers on Sunday to offer its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax.
Feb 15, 2015, 17:51 PM IST
Tax scandal ex-HSBC chief quits lobby role
HSBC`s former chief executive and chairman, Stephen Green, the man at the centre of the SwissLeaks tax scandal in Britain, on Saturday stepped down from his role at finance lobby group TheCityUK.
Feb 14, 2015, 23:15 PM IST
France denies restricting UK pursuit of HSBC tax evaders
Britain`s Financial Secretary to the Treasury David Gauke said in parliament this week that France had provided leaked information on accounts at the British bank "under very strict conditions".
Feb 13, 2015, 23:41 PM IST
ICICI Sec PD, RCAMC, HSBC emerge top bidders for EPFO funds
Asset management firms ICICI Securities Primary Dealership, Reliance Capital AMC and HSBC AMC have emerged as top bidders for managing the huge corpus of retirement fund body EPFO.
Feb 13, 2015, 19:27 PM IST
HSBC banker-priest in eye of SwissLeaks storm
About the man at the centre of the SwissLeaks tax scandal.
Feb 12, 2015, 17:09 PM IST
Punjab CM flags budget wish-list to boost farm sector
At a time when unaccounted wealth of Indians stashed away in foreign banks is under focus, the income tax department has shifted its attention from civil consequences to criminal consequences in serious cases of tax evasion.
Feb 12, 2015, 15:57 PM IST
Black money: Income Tax shifts focus to criminal consequences
At a time when unaccounted wealth of Indians stashed away in foreign banks is under focus, the income tax department has shifted its attention from civil consequences to criminal consequences in serious cases of tax evasion.
Feb 12, 2015, 14:47 PM IST
UK watchdog `knew nothing` of HSBC files probe
Britain`s financial regulator admitted Tuesday that it had no knowledge of an investigation by tax authorities into allegations that banking giant HSBC helped wealthy customers dodge millions of dollars in taxes.
Feb 11, 2015, 00:48 AM IST
HSBC could face US legal action over Swiss accounts
HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes.
Feb 10, 2015, 15:40 PM IST
Distinguish between legitimate funds and black money: Parekh
In the wake of a new list revealing names of nearly 1,200 Indian account holders in Swiss banks, eminent banker Deepak Parekh on Tuesday said the government should distinguish between legitimate and illicit funds before taking any action.
Feb 10, 2015, 13:18 PM IST
HSBC admits Swiss bank failings over client taxes
British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.
Feb 10, 2015, 05:54 AM IST
