Criminal investigation of HSBC Bank ramped up to EUR1bn bail charge
French prosecutors will investigate global bank as well as Swiss office
INVESTIGATIONS into HSBC's alleged complicity in tax evasion have been expanded to include its global company on top of its Swiss banking group.
French magistrates have decided to pursue a legal challenge to the bank and have set bail costs at EUR1bn. Previous investigations by French courts focused on the activities of the Swiss HSBC subsidiary and set bail costs at EUR50m.