An ex-employee of HSBC stole the details of 24,000 clients from a branch in Switzerland, in a hugely embarrassing theft of data for which the bank apologised unreservedly yesterday.
Europe's biggest bank revealed that Hervé Falciani, a former computer specialist who fled to France, had stolen the details from its Geneva private bank three years ago. Some 15,000 of the accounts were still active, HSBC said. The rest were closed.
Finma, the Swiss financial markets regulator, has launched an investigation into the theft. It will examine how so much data could have been stolen and whether HSBC's response had met legal requirements.
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