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HSBC reports sharp profit fall

HSBC has said 2014 was a "challenging year" after reporting a 17% drop in profit to $18.7bn.

The Guardian is reporting that HSBC chief executive Stuart Gulliver holds 5m in a Swiss bank account through a Panamanian company.

HSBC is open to criminal charges in the UK over its Swiss tax-dodging scandal, says former director of public prosecutions Lord Ken Macdonald.

Shadow chancellor Ed Balls steps up pressure on George Osborne in a letter over the revelations about HSBC.

The Financial Conduct Authority (FCA) says it is "looking into" the HSBC bank over its Swiss tax-dodging scandal.

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