HSBC CEO holds Swiss bank account

Private Client Adviser: The bank has reported a 17 per cent drop in profits after a 'challenging year'.

The chief executive of HSBC, Stuart Gulliver, "holds an account in Switzerland" which was used to hold bonus payments, the bank has confirmed.

Full story: http://www.privateclientadviser.co.uk/news/tax/hsbc-ceo-holds-swiss-bank-account