Banking Laws

latest news & developments

Prosecutors said the subsidiary, HSBC Private Bank SA (Suisse), had helped hundreds of rich clients cheat the Belgian taxman including by giving them access to offshore accounts in overseas tax havens. (AFP)

HSBC to pay nearly €300mn to end Belgian criminal probe

As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.

Agency

Bank penalties reduced

The Competition Commission looks to streamline debit order systems, writes Maya Fisher-French.

Maya Fisher French