HSBC

Former Finance Minister Giorgos Papaconstantinou is expected to face a special court on Wednesday in Athens over charges of allegedly tampering with a list containing the names of more than 2,000 Greeks with cash deposits at a Geneva branch of HSBC in an effort to remove the names of three of his relatives.

Investigators launched a search on Feb. 18 of British banking giant HSBC's Geneva offices as part of a money laundering probe following allegations the bank helped clients evade millions of dollars in taxes, Swiss prosecutors said.
      

Protests organized by the Bulgarian opposition are expected as lawmakers are beginning their session of a government proposal to take on fresh foreign borrowing worth BGN 16 M, or EUR 8 B.

Menda Stoyanova, Chair of the parliamentary budget committee, has suggested that there is no cause for concern over the medium-term bond program by 2017 worth BGN 16 B, stressing that it is a financing program using external debt.

HSBC published a full-page letter in British newspapers on Feb. 15 to offer its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax.

Amid the continuing fall out over the HSBC scandal, a journalistic project in Romania has named a key figure in the ruling party as one of those who held secret accounts in the Swiss branch of the British bank.

Former Prime Minister George Papandreou threatened legal action on Tuesday against anyone reproducing an extract from a soon-to-be published book by Herve Falciani, the former HSBC employee who leaked the details of thousands of depositors to authorities, including the Greeks included on the so-called Lagarde list.

"Swiss Leaks" affair: Serbian tycoons were also hiding money in Swiss HSBC bank Serbian citizen brought 20 million euros in HSBC in a suitcase

Among numerous secret accounts in Swiss bank HSBC there are those belonging to some rich Serbian citizens.

HSBC, the UK's biggest bank, helped rich customers to dodge paying tax by allowing them to set up secret accounts in Switzerland.

Croatian government officials say they will  reveal the names of companies and individuals from Croatia that are among the clients with secret accounts in the Swiss branch of Britain's HSBC bank.

The former HSBC employee who leaked sensational secret documents alleging the bank helped wealthy customers dodge millions of dollars in taxes warned Tuesday that the revelations are just the "tip of the iceberg."