HSBC

HSBC could spin off its £20bn British retail banking operation, a move which could speed up its potential exit from the UK, the Sunday Times reports.

HSBC is closing all accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.

Banker's Umbrella: A heartfelt defence of offshore banking

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Labour will carry out a comprehensive review of tax planning schemes, including the use of deeds of variation on wills, should the party get to power following the general elections, shadow chancellor Ed Balls has said.

The Financial Conduct Authority (FCA) was "not aware" of allegations HSBC helped wealthy clients evade millions in tax until they appeared in the media, chief executive Martin Wheatley has told MPs.

HSBC faces investigations by national authorities around the world over its role in helping more than 100,000 wealthy individuals avoid paying tax.

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC reports.

A fifth of UK workers are facing a significant shortfall in their retirement incomes as a result of the 2008 economic crash, according to HSBC research.

HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.