UK to toughen tax evasion laws
The HSBC tax evasion scandal has put pressure on the UK government to introduce new legislation making it easier to prosecute people for hiding money in offshore bank accounts.
HSBC
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HMRC attacked over pathetic response to HSBC
The head of HM Revenue & Customs (HMRC) has come under fire for not taking action against UK citizens to prevent the HSBC tax evasion scandal.
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HSBC hit by further tax avoidance revelations
Documents originally leaked in 2010 show how HSBC helped wealthy clients from around the world evade taxes via its Swiss private banking arm.
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Fight or flight response
As the United Arab Emirates grapples with the ongoing regulatory shake up, the larger players are causing a ‘flight to quality’ that will have widescale ramifications for the financial industry in the region. While largely positive, there are still a number of issues to iron out
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hsbc fined for illegally advising us clients
HSBC’s Swiss private bank was fined $12.5m (£8m, 10m) yesterday for offering services to US clients without being properly registered.
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HSBC China multi asset fund
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
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BlackRock Woodford Q3 sales
BlackRock claimed top spot in the gross retail sales table for the second consecutive quarter, the Pridham Report revealed on Monday.
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Carmignac and BNP Paribas IP granted
Carmignac Group and BNP Paribas Investment Partners have both been granted licences to trade in China listed A shares and local bonds.
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Worried about fine inflation Woodford sells HSBC
Neil Woodford has sold his recently acquired stake in HSBC, on the back of concerns about the growing number and size of regulatory fines faced by banks.
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HSBC profits drop 12 amid regulatory
HSBC saw a 12% drop in profits throughout the first half of 2014, a loss it attributes to the investment of resources into “heightened and evolving” regulatory expectations.
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HMRC claws back 135m from leaked list of HSBC
HM Revenue & Customs has recovered £135m from 24,000 clients named on a list of HSBCs Swiss private banking operation, which were revealed in a leak by a former employee.
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HSBC Global AM offers Chinese RQFII
HSBC Global Asset Management has launched a fixed income fund in Hong Kong under the Renminbi Qualified Foreign Institutional Investor scheme.