The HSBC files, the biggest banking leak in history, reveal the full scale of malpractice at its Swiss subsidiary. Recent court cases in the US and Europe have provided individual examples of the bank’s wrongdoing, but the leaked files show how these cases were part of a persistent pattern of misconduct. In one case that illustrates the bank’s conduct, a wealthy British client, Stoke City football club director Keith Humphreys, frankly told his HSBC manager that his father’s $430,000 (£280,000) Swiss account was “not declared” to the UK tax authorities. Humphreys, whose wealth originated from the sale of a local ... (full story)