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Monday, February 23, 2015

HSBC boss hid bonuses in Swiss account - Feb. 23, 2015

The boss of Britain's biggest bank has admitted to hiding past bonuses in a Swiss bank account.



HSBC (HSBC) said CEO Stuart Gulliver opened the account in 1998, when he was based in Hong Kong. His bonuses were paid into the HSBC Suisse account -- held in the name of a company registered in Panama -- to keep the details of payments confidential.



HSBC boss hid bonuses in Swiss account - Feb. 23, 2015

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