HSBC List Shows Putin Allies, Drug Lords Used Swiss Secrecy
The private-banking unit of HSBC profited for years handling secret accounts whose holders included drug cartels, arms dealers and fugitives, says a report released Sunday.
Hollande Calls for ‘Patriotism’ From Luxury CEO
LVMH CEO Bernard Arnault, for his part, said he would continue to pay French taxes after filing for Belgian citizenship.
France Derides Ratings Agencies, Britain
Bank of France Governor Christian Noyer struck out at ratings agencies, calling them 'incomprehensible and irrational,' and also slammed Britain as more deeply mired in financial woes than France.
Greece Verges on Collapse After Call for Bailout Referendum
Not just leaders of the eurozone, but markets were stunned by the news; Greek prime minister did not notify policymakers before the announcement.