With a global leak revealing tax evasion through offshore accounts in its Swiss branch, UK-based global banking giant HSBC on Monday admitted there have been lapses in the past on its part.<br /><br />"We acknowledge that the compliance culture and standards of due diligence in HSBC s Swiss private bank, as well as the industry in general, were significantly lower than they are today," HSBC said. <br /><br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
