HSBC CEO Gulliver Issues Apology Over Swiss Unit’s Tax Evasion
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HSBC Holdings Plc Chief Executive Officer Stuart Gulliver offered “sincerest apologies” following fresh details of how the bank’s Swiss unit helped customers evade taxes.
The revelations were a “painful experience” for the bank, Gulliver, 55, wrote in full-page advertisements published in several British newspapers including the Sunday Times.