The Traderszone Network

Published in TZ Latest News 28 February, 2015 by The TZ Newswire Staff

HSBC not the troublemaker made out to be, rival Swiss banker says

HSBC (HSBA.L), in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn’t the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday. “HSBC has been described as the troublemaker in class, and it is not,” Carlos Esteve, founder and CEO of Geneva-based Heritage, said in an interview with Swiss daily Le Temps. “HSBC was among the first to take steps to regularize its clients.

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