Former HSBC chief to step down from lobby group

Resignation comes after week in which tax scandal took on political overtones

By WND News Services
Published February 14, 2015 at 5:42pm

(Associated Press) The former chairman of HSBC, Britain's biggest bank, is leaving a group that lobbies for the financial services industry amid political fallout from allegations that the bank helped wealthy clients evade taxes.

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Stephen Green resigned as chairman of TheCityUK's advisory council Saturday after leaked documents showed that HSBC's Swiss private bank in some cases facilitated illegal activities. Green, who became a government trade minister after he left HSBC, has declined to comment.

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