5-speed listening (Level 0)

HSBC bank helped the rich hide money






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The BBC says the bank HSBC helped rich people hide money. The rich people did not want to pay tax. An HSBC worker stole information on more than 100,000 HSBC customers. The information shows that HSBC helped its rich customers hide their money from the taxman.

HSBC said it now stops rich people from hiding their money. It knows it did not follow the law. An HSBC worker who complained when the bank did not change lost her job. She complained the bank was not following the law so the bank fired her. HSBC is now in court in the USA, France, Belgium and Argentina.

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