HSBC chiefs to testify before UK Treasury committee on tax avoidance issues

February 25, 2015 9:00 AM

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HSBC chiefs to testify before UK Treasury committee on tax avoidance issues

FILE - This is a Wednesday, Feb. 18, 2015 file photo of people as they use ATM machines outside a branch of HSBC in London. HSBC executives offered a fresh mea culpa Monday Feb. 23, 2015 as its chief executive found himself personally mired in the scandal surrounding allegations that the bank helped wealthy clients dodge taxes. Europe's biggest bank by market value said past practices at its Swiss private bank were “unacceptable” as it posted 2014 net income that fell 16 percent to $13.7 billion. Meanwhile, Britain’s Guardian newspaper reported that Chief Executive Officer Stuart Gulliver had an account at the same unit. (AP Photo/Matt Dunham) (The Associated Press)

LONDON – British lawmakers will question the chief executive and chairman of HSBC, Europe's biggest bank by market value, amid allegations it helped the wealthy dodge taxes.

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