‘Biggest Bank Leak in History’: A Look At How HSBC’s Private Swiss Bank Handles The Finances For The World's Rich And The Elite

Heather Timmons, Quartz: HSBC’s private Swiss bank served everyone from alleged arms dealers to pop stars

An investigation into 100,000 individuals who held accounts with HSBC’s Private Bank turned up a roster of royals, arms dealers, sanctioned Russian businessmen, and on-the-lam politicians—along with music icons Tina Turner, Phil Collins, and David Bowie. The leaks of the bank’s sometimes-unsavory clientele—who collectively held more than $100 billion in assets, often structured specifically to evade taxes—forced HSBC to acknowledge that its standards “were significantly lower than they are today.”

WNU Editor: I suspect that there is a lot of truth to this claim ..... HSBC 'tax dodge' revelations are just tip of iceberg, says leaker (AFP)

Zero Hedge has compiled a small list on who is on this list .... If Your Name Is On This List, Prepare To Be Audited (Or Worse) (Zero hedge).

More News On The HSBC Scandal

Full Coverage On The HSBC -- The Guardian
The HSBC files -- The Guardian
HSBC hid millions for arms dealers, drug traffickers & celebs -- New York Post
Swiss scandal: HSBC hid millions for drug traffickers, arms dealers and global celebs -- News.com.au
HSBC helped conceal $100 billion in Swiss accounts - report -- CNN
HSBC admits Swiss bank failings over client taxes -- Reuters
Super-rich and celebrities caught up in HSBC tax dodge storm: Leaked files spark claims that stars used bank to hide cash -- Daily Mail
Leaked HSBC Documents Shed Light On Swiss Banking Industry -- NPR
HSBC Switzerland met clients in 25 countries: reports -- AFP
HSBC banking giant defends itself amid public outcry at tax evasion scandal -- Euronews
HSBC could face U.S. legal action over Swiss accounts -- Reuters
Global authorities call for investigation into HSBC tax scandal -- BBC
Anger over 'dirty deal' which saw 1,100 UK holders of HSBC Swiss accounts dodge prosecution and how the bank's boss walked into a top Government job -- Daily Mail
Corruption Currents: HSBC Faces ‘Biggest Bank Leak in History’ -- WSJ
How secret Swiss bank accounts actually work -- Business Insider
Is HSBC whistleblower Falciani the French 'Snowden'? -- France 24
Profile: HSBC whistleblower Herve Falciani -- BBC