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Tag Archives: HSBC

EIB and HSBC partner for trade finance of SMEs in Greece

The European Investment Bank (EIB) has partnered with HSBC to provide a wholesale facility for trade finance to Greece’s SMEs.  The €134m (£118m) package will be channelled to SMEs by the National Bank of Greece and Piraeus Bank. EIB, HSBC, Citibank and Commerzbank will provide credit guarantees. Other banks are …

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SwissLeaks: HSBC files show 86 more Greeks on “Lagarde List”

Dictators, arms dealers, ministers, movie stars, businessmen, shopkeepers, royalty, clothing merchants from 203 countries and territories, they all parked more that €100 billion to HSBC in Switzerland. The bank helped its clients dodge taxes and hide millions from the tax officers in their country. Not without a profit for the bank …

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Ex FinMin Papaconstantinou at “Special Court” over Lagarde List

Former Finance Minister Giorgos Papaconstantinou will be referred to “special court” and stands trial for deleting the names of four of his relatives from the infamous Lagarde-List containing the names of Greeks suspected of tax evasion. With votes 4:1 the judges of the Supreme Judicial Council of the Supreme Court …

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Lagarde-List burns ex Greek Finance Minister Papaconstantinou

For former Greek Finance Minister George Papaconstantinou the New Year’s Eve fire cracker went of earlier than planned. Not on upcoming Monday night but on Friday noon. Reason for the drama unfolding before our eyes, were the claims that two of his relatives had bank accounts at the HSBC, Geneva branch. Nothing …

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HOT DOC Journalist Kostas Vaxevanis Acquitted by Athens Court

 Greek journalist Kostas Vaxevanis has been acquitted by an Athens court on Thursday night in a trial that lasted almost ten hours. The prosecutor had raised charges against Vaxevanis for breaching privacy after he published the names of 2,000 suspected tax evaders in his magazine HOT DOC. Vaxevanis was arrested last Sunday. …

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Athens: HSBC Tested Cash Machines For Drachma

 After Bloomberg currency Exchange Drachma-Test last week, HSBC bank made another test on Monday. The test was performed at the banks ATM machines in Athens. The bank confirmed the news… and I wonder how many Greeks would rush to banks and withdraw leftovers from their savings in bank deposits. HSBC …

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