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-Switzerland to provide Indian government with details of Indian HSBC account holders

Feb 05, 2019 - Global Banking News

Global Banking News - 05 February 2019

The Swiss government is to provide details of Indians that have secret Swiss accounts with HSBC Holdings (LSE: HSBA) to the Indian government.

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Local media had reported that the bank's Indian account holders had received communications from the Swiss Federal Tax Administration (FTA) about the move. In 2011, French authorities had given India a list of 628 Indians who had held secret accounts with Swiss banks. The transfer of the det...