Snitches get stitches, French financial edition

Several newspapers, including Le Monde, have been collaborating to publish information about tax avoidance and money-laundering at HSBC, gleaned from files leaked from the bank’s Swiss dependency several years ago. Now Pierre Bergé, president of Le Monde’s supervisory board and one of the paper’s owners, has

attacked the paper on RTL radio, accusing it of “informing” on the business people, politicians, criminals and celebrities named in the HSBC files.

“Is it the role of a newspaper to throw the names of people out there? … I don’t want to compare it to times past but all the same, informing is informing.”

First they came for the hedge-fund managers…

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