HSBC is paying $200 million to help rich Americans in hiding their assets

HSBC's Swiss branch turned into the fourth bank as of late to settle with the US Justice Department over charges it hid huge measures of American customers' cash in Switzerland, concurring this week to pay $192 million to end 10 years in length adventure. The settlement marks something of a conclusion to the time of Swiss banks empowering huge scale charge avoiding for US residents. The Justice Department has removed heavy settlements ....