Black money: RBI closely watching probe against HSBC

Last Updated: Thursday, February 26, 2015, 17:21

The Reserve Bank Thursday said it is keeping a close watch on global banking major HSBC, which is facing multi-nation probe including by Indian tax authorities for alleged tax evasion and money laundering at its Swiss units.

Black money: HSBC bosses say sorry for 'unacceptable' practices

Last Updated: Thursday, February 26, 2015, 09:29

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.

British MPs grill HSBC bosses over tax-dodging scandal

Last Updated: Wednesday, February 25, 2015, 23:30

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant`s Swiss division when they were grilled by British MPs over allegations HSBC helped rich clients dodge taxes.

Swiss central bank under scrutiny after franc shock

Last Updated: Wednesday, February 25, 2015, 23:26

Six weeks after a fateful decision that blasted its currency skywards, Switzerland`s central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure.

Black money: I-T dept conducts survey at HSBC bank in Mumbai

Last Updated: Monday, February 23, 2015, 22:21

The Income Tax department has conducted a "survey" operation at the head office of HSBC bank here in connection with the black money probe against it and certain Indians who held accounts in its Switzerland branch.

Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies

Last Updated: Thursday, February 19, 2015, 22:54

The move is an unusual show of parliamentary influence over Swiss financial regulator FINMA, which said that it had taken note of the committee`s decision and would make itself available for inquiries.

France issues warrants for UBS managers in tax fraud case

Last Updated: Tuesday, February 17, 2015, 17:59

French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland.

Britain's HSBC says sorry over past standards at Swiss bank

Last Updated: Sunday, February 15, 2015, 22:25

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.

UK watchdog `knew nothing` of HSBC files probe

Last Updated: Wednesday, February 11, 2015, 00:48

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.

HSBC admits Swiss bank failings over client taxes

Last Updated: Tuesday, February 10, 2015, 05:54

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.

Secret HSBC 'tax dodger' files cause global shockwaves

Last Updated: Monday, February 9, 2015, 23:26

The cache of files made public in the so-called SwissLeaks case included the names of celebrities, alleged arms dealers and politicians -- though inclusion on the list does not necessarily imply wrongdoing.

Black money: SIT widens probe as new names emerge

Last Updated: Monday, February 9, 2015, 18:44

The Special Investigation Team (SIT) on black money today decided to widen its probe as new names of Indians with Swiss bank accounts have come up but made it clear that legal action will be taken only after verifying facts.