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HSBC in Wider ‘Criminal’ Tax Probe on Swiss Private Bank

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HSBC Holdings Plc, Europe’s largest bank, is the focus of a wider tax probe in Belgium as part of a three-year criminal investigation into its Swiss subsidiary. “In June 2017, Belgian authorities placed HSBC Holdings and HSBC Private Bank Holdings SA, a Swiss holding company, under formal criminal examination,” the…

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Click here to read the full story: Bloomberg BNA

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