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Bank of England May Look Into HSBC Tax Case

The Bank of England may look into allegations that Europe's biggest bank, HSBC, helped clients to avoid paying tax, a top BoE official said on Friday. “The allegations around HSBC raise serious issues around HSBC's conduct,” Jon Cunliffe, the BoE's deputy governor for financial stability, told BBC radio. “We'd expect the management, the leadership of a large group, to be able to ensure that there is a culture and the operations within that group to manage those sorts of...

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