French tax

Former Swiss HSBC banker pleads guilty in $1.8bn French tax case

The former head of the Swiss private unit of banking giant HSBC has pleaded guilty in France to helping wealthy clients hide $1.8 billion. Peter Braunwalder, who led HSBC Private Bank (Switzerland) from 2000 until his retirement in 2008, was sentenced to a $560,000 fine and a one-year suspended prison sentence, according to information from […]