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James Brien Comey, Jr. (52), former United States Deputy Attorney General, has been appointed a Director of HSBC Holdings plc with effect from 4 March 2013. He will be an independent non-executive Director and a member of the Financial System Vulnerabilities Committee.
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Clinton foundation received up to $81m from clients of controversial HSBC bank
Leaked files reveal identities of wealthy donors with accounts in Geneva
Donors gave as much as $81m to Bill, Hillary and Chelsea Clinton Foundation
Hillary Clinton expected to make inequality a key issue of any 2016 campaign
The charitable foundation run by Hillary Clinton and her family has received as much as $81m from wealthy international donors who were clients of HSBC’s controversial Swiss bank.
Leaked files from HSBC’s Swiss banking division reveal the identities of seven donors to the Bill, Hillary and Chelsea Clinton Foundation with accounts in Geneva.
They include Frank Giustra, a Canadian mining magnate and one of the foundation’s biggest financial backers, and Richard Caring, the British retail magnate who, the bank’s internal records show, used his tax-free Geneva account to transfer $1m into the New York-based foundation.
Hillary Clinton has expressed concern over growing economic inequality in the US and is expected to make the issue a cornerstone of her widely anticipated presidential campaign in 2016. However, political observers are increasingly asking whether the former secretary of state’s focus on wealth inequality sits uncomfortably with the close relationships she and her husband have nurtured with some of the world’s richest individuals.
Giustra’s Swiss HSBC account, created in 2002, contained up to $10m in the 2006-2007 period. Lawyers for the mining magnate said that he held the account for investment purposes, and that it was in compliance with Canadian laws that required disclosure of foreign assets. More from Guardian
