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Information on 24,000 HSBC customers with Swiss accounts has been stolen

 
30th July 2011

GENEVA (AP) - Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries. White Sox Jersey . A customer exits an HSBC bank in London March 1, 2010.??Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday. [Agencies] A former IT employee of Swiss subsidiary HSBC Private Bank (Suisse) SA, identified by French authorities as Herve Falciani, obtained the information between late 2006 and early 2007, the bank said. The accounts, held by individuals worldwide, were all opened before October 2006 and some 9,000 have since been closed. We deeply regret this situation and unreservedly apologize to our clients for this threat to their privacy, said Alexandre Zeller, chief executive of the Swiss subsidiary. Switzerland has some of the worlds strictest laws on banking secrecy, and the Swiss Financial Market Supervisory Authority, or FINMA, said Thursday it has opened an investigation into whether HSBC failed to meet legal requirements to prevent data theft. The bank said it has contacted the affected customers and doesnt believe the data has or will allow any unauthorized person to access the affected accounts. The stolen information only affects accounts in Switzerland with the exception of its former subsidiary HSBC Guyerzeller Bank, it said. Related readings: HSBC profits come in shy of market estimates HSBCs Asia moves may force StanChart HSBC sees 2010 growth reversing 2009 contraction However, the theft could leave some of those account holders exposed to prosecution by tax authorities if they failed to declare the assets in their home countries. In recent cases of data theft from banks in Switzerland and Liechtenstein, the information was offered to foreign governments seeking to track down nationals who avoided paying their taxes by hiding money in Swiss accounts. The French government said last year it had obtained a list of 3,000 French HSBC clients compiled from numerous sources, including from Falciani, who had been identified by prosecutors in the French city of Aix-en-Provence. France later agreed to return the files to Switzerland, who in turn handed copies of a significant portion of the data back to the bank on March 3, HSBC said. Based on the facts it would appear that the French authorities have copies and the Swiss authorities have copies, HSBC spokesman Jezz Farr said. The bank said French authorities had informed their Swiss counterparts that the data they still hold would not be used inappropriately. It remained unclear whether that means France will not use the data to prosecute tax evaders. Farr said the theft affected customers worldwide. The accounts were held in Switzerland but the client base is international, he said. HSBC PLC said offering private banking services for rich customers remains a core business of the group, which has about 100,000 private banking clients. Shares in HSBC were down 0.1 percent at 6.98 pounds ($10.48) on the London exchange. Los Angeles Angels Torii Hunter Jersey . The two-time world champion was fifth-fastest after 93 laps as "we try to adapt to all the new things this year like the tires and all the buttons" on the steering wheel that have been added. Lions Barry Sanders Jersey . Mason was accidentally hit by teammate Chris Thorburn, who was sliding after blocking a shot. Mason was replaced by Ondrej Pavelec at 7:48, and Pavelec allowed a power-play goal to Trevor Daley on the first shot he faced. Derek Lowe Jersey . The victim, Xi Li Wu, alias Peter Go, was recovered by police and military following a 10-minute gun battle with his captors in the village of Lambago, Luuk town in the province of Sulu around 8:15 pm Monday, said provincial police commander Senior Superintendent Elmer Escosia. Detroit Lions Matthew Stafford Jersey . However, the three-judge panel of the US Court of Appeals for the District of Columbia Circuit seemed divided over the issue. Related readings: Chinese stem-cell op is blind toddlers only hope of sight New diabetes treatment to improve life quality Stem cell transplant seals life-saving bond Ohio woman implanted with wrong embryo delivers A federal judge last month blocked such funding, saying it violated US law because it involved the destruction of human embryos and put other researchers working with adult stem cells at a competitive disadvantage for federal grants. Rod Carew Jersey . The countdown began Friday morning for the second time for Endeavours final mission. A launch attempt late last month was foiled by an electrical snag aboard Endeavour. (Sports Network) - The Chicago Cubs hope to show some signs of life on this current homestand and will continue a three-game interleague series tonight versus the Oakland Athletics at historic Wrigley Field. The Cubs have lost 10 of their last 14 games and fell to 1-3 on a nine-game homestand following Tuesdays 9-5 setback to the As in the series opener. Cubs starter Carlos Zambrano was dealt the loss and surrendered five runs, two of which were earned, on seven hits and three walks in six innings. Tyler Colvin homered, while Zambrano, Starlin Castro, Chad Tracy and Koyie Hill each knocked in a run for the Cubs, who are 7 1/2 games off the lead in the National League Central Division. It wasnt very pretty, Cubs manager Lou Piniella said of the loss on the teams site. Too many errors, walks, wild pitches, a little bit of everything. [Bad] baserunning. Not a good game. Ryan Dempster will try to get things going for the Cubs when he takes the mound this evening. Dempster has won two of his last three decisions, but did not factor in the outcome his last time out in a 5-4 loss at Milwaukee on Thursday. Dempster yielded three runs -- two earned -- in 5 1/3 innings. The right-hander, who is 4-5 with a 3.74 ERA in 13 starts, will take on the Athletics for the first time in his career. Oakland ended a three-game losing streak with yesterdays win, as Rajai Davis finished with three hits and two RBI and Kevin Kouzmanoff collected three hits and a pair of runs scored. Houston Texans Arian Foster Jersey. Cliff Pennington contributed two hits, three runs scored and an RBI for the As, who are four games off the lead in the AL West. Pitching and defense helps you to win ball games, Davis said. Obviously you have to add some offense to that. [The Cubs] didnt play what theyre capable of playing and we were able to take advantage of that. Kouzmanoff is hitting .458 with three home runs and 11 RBI during a career- high 15-game hitting streak. He has eight multi-hit games over that span. Oaklands Trevor Cahill earned the win -- his sixth of the season -- after he pitched 5 2/3 innings and allowed four runs on six hits with five strikeouts. It was his fifth straight winning decision. Gio Gonzalez gets the call for the Athletics tonight and hopes to get back on track after having his unbeaten streak come to an end his last time out in a 6-2 loss at San Francisco on Friday. He was reached for four runs and six hits in 5 1/3 innings, falling to 6-4 in 13 starts to go along with a 3.79 earned run average. The lefty has never faced the Cubs and is 2-2 in seven road starts in 2010. Chicago won two of three meetings with Oakland from June 18-20 of the 2004 campaign and is 93-101 against the American League. The Athletics own a solid 132-105 ledger in games played against the Senior Circuit. ' ' '

 
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