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HSBC apologises in newspapers over claims that its Swiss private bank helped clients evade tax.

24 February 2015

A whistle blower has said that the UK government should have known about this five years ago, the UK Treasury Committee Is to conduct its own inquiry into the claims and HM Revenue and Customs and the Serious Fraud Office are both set to take a closer interest in HSBC’s Swiss affairs.

The fall-out is set to continue for many months, keeping tax evasion on the agenda.

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