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Labour ramps up HSBC row

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Under the spotlight: HSBC

Under the spotlight: HSBC

Under the spotlight: HSBC

Downing Street has insisted that no Government minister had any knowledge of alleged tax evasion at HSBC's Swiss banking arm before details emerged in the media at the weekend.

Labour has sought to step up pressure on ministers, demanding Chancellor George Osborne explain whether HSBC's former chairman and chief executive Lord Green was asked about the activities of the its Swiss subsidiary prior to his appointment as Minister for Trade.

However, a No 10 spokeswoman said neither Lord Green - who served as a coalition minister from 2011 to 2013 - nor any other member of the Government had been aware of the allegations concerning wrongdoing by the bank.

Belfast Telegraph