Arab Today, arab today hsbc takes out newspaper ad to apologise over swiss tax claims
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

HSBC takes out newspaper ad to apologise over Swiss tax claims

Arab Today, arab today

Arab Today, arab today HSBC takes out newspaper ad to apologise over Swiss tax claims

HSBC Private Bank
London - AFP

Banking giant HSBC took out full-page adverts in British Sunday newspapers to apologise over claims that it helped customers at its Swiss private banking arm to avoid millions of dollars of tax.
The advert, which featured in the Sunday Times, Sunday Telegraph, Mail on Sunday and Sun on Sunday, republishes a letter addressed by chief executive Stuart Gulliver to the bank's customers and staff on Friday, in which he insists the Swiss bank had been "completely overhauled".
"The media focus has been on historical events that show the standards to which we operate today were not universally in place," he wrote.
"We must show we understand that the societies we serve expect more from us. We therefore offer our sincerest apologies."
But the bank chief asked that the claims be put "into context" and acknowledge that they had arisen from stolen data.
"Many of the people mentioned have been named simply because they are well-known individuals," he wrote.
The claims in the "SwissLeaks" case emerged after a whistleblower took files from Europe's biggest bank and passed them to French authorities.
Details were published in the media last week, with the files claiming that London-based HSBC's Swiss division helped clients in more than 200 countries dodge taxes on accounts containing $119 billion (104 billion euros).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc takes out newspaper ad to apologise over swiss tax claims Arab Today, arab today hsbc takes out newspaper ad to apologise over swiss tax claims

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc takes out newspaper ad to apologise over swiss tax claims Arab Today, arab today hsbc takes out newspaper ad to apologise over swiss tax claims

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Media: صحافة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday