HSBC Publishes Apology In British Newspapers Over Claims Of Tax Evasion

(Reuters) -- HSBC Holdings PLC published full-page advertisements in British newspapers Sunday featuring in a letter its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax. Europe's biggest bank admitted failings in compliance and controls in its Swiss operation after media reports that said it had helped wealthy customers to conceal millions of dollars of assets up to 2007.