Key facts
- HSBC's Swiss unit is under formal investigation by French prosecutors.
- The investigation is related to allegations concerning the former governor of Lebanon's central bank, Riad Salameh.
- The probe is examining potential financial crimes.
French prosecutors have placed HSBC's Swiss unit under formal investigation as part of a probe into alleged financial crimes linked to Riad Salameh, the former governor of Lebanon's central bank. The investigation aims to uncover potential wrongdoing associated with Salameh's tenure and activities. This development marks a significant escalation in the scrutiny of the bank's operations in relation to the scandal surrounding the Lebanese central bank.