Lord Green expresses 'dismay' over HSBC tax scandal

By

Former Chief Executive of HSBC Holdings Plc Lord Green expressed his "dismay and regret" when questioned about tax evasion and avoidance at the bank's Swiss branch by Channel 4 on Wednesday.

"I share with my colleagues who've been before the select committee recently the dismay and regret about what happened... I personally always worked hard at setting and seeking to follow high standards in my career, and so what happened was.. dismay and a source of deep regret," Lord Green told Channel 4. (bit.ly/1H01EoN)

HSBC Chief Executive Stuart Gulliver and ex-CEO of private bank Chris Meares were questioned by the Public Accounts Committee this month. The committee later "came to the view not to call Lord Green at this time.", Channel 4 said.

When asked whether he knew about the files of data taken by whistleblower Herve Falciani, which revealed about the Swiss branch scandal, Lord Green said he did not know about them or what they contained, Channel 4 added.

House of Lords did not immediately respond to Reuters' request for comment.

Tags
HSBC Holdings Plc
Join the Discussion
More Business
Jeff Kaliel Illustrates How Transparency Protects Businesses from Litigation

Jeff Kaliel Illustrates How Transparency Protects Businesses from Litigation and Builds Long-Term Customer Trust

Legacy Professionals LLP Explains How CPA Firms Help Nonprofits Maintain

Legacy Professionals LLP Explains How CPA Firms Help Nonprofits Maintain Transparency and Financial Accountability

NYC Investment Firm HIG Capital Bets on Italian Self-Storage Market

NYC Investment Firm HIG Capital Bets on Italian Self-Storage Market

Nevada Workers' Comp Insurance Rates Set to Rise in 2025

Nevada Workers' Comp Insurance Rates Set to Rise in 2025: What Employers and Employees Need to Know