Bank of England May Probe HSBC Tax Allegations

The Bank of England has indicated it may look into allegations that Europe’s biggest bank HSBC helped clients evade taxes as the storm surrounding the allegations shows no sign of abating. Earlier Britain’s Serious Fraud Office said it was open to discussing the allegations with British tax authority HMRC.

BoE may probe HSBC

Sir Jon Cunliffe, deputy governor of the Bank of England and a board member of the bank’s Prudential Regulation Authority, stated Friday, “The allegations raised serious issues around HSBC’s conduct.” During his interview with BBC Radio 4, he added, “We’d...