HSBC's decision to pay 300 million euros ($352.5 million) to settle an investigation into tax dodging by French citizens will end proceedings against the bank provided it does make that payment, the French financial prosecutor's office said on Tuesday.
HSBC was accused previous year of helping French clients to hide at least €1.67 billion from the tax authorities, according to a source close to the probe.
Rosogolla pride West Bengal's
The GI under the World Trade Organization is a sign that identifies a product as originating from a particular place. Bengal has steadfastly maintained that rosogolla was invented by famous sweetmeat maker Navin Chandra Das in 1868.
HSBC's Swiss bank was under investigation over helping clients to illegally avoid paying taxes worth 1.6 billion euros ($1.9 billion) to the French government in 2006 and 2007.
The deal does not include a guilty plea.
Fluminense anuncia novo acordo de patrocínio até o fim do ano. Saiba
Além da Mackenzie, a Universal Records (peito) e o site ' Zoom' (costas) também estamparam a marca no uniforme tricolor.
On the basis of the data, the French authorities initiated a formal investigation into HSBC in 2014.
"HSBC has publicly acknowledged historical control weaknesses at the Swiss Private Bank on a number of occasions and has taken firm steps to address them", it said.
House prices accelerate but leave London in the cold
Low borrowing rates mean that mortgage repayments as a proportion of income remain at or close to their historic low point. Figures from UK Finance, which represents mortgage lenders, showed that activity from first-time buyers has dropped.