Cetin Sahin, Live Page reader

"I think David Buik's analogy [see 08:20] about Lord Green is ridiculous. The arguments for knowing and not knowing are equally shocking. If he didn't know then why NOT?! If a man in charge of a bank does not know the bank's illegal actions worth billions how is he deemed fit to contribute to the running of a country. I am truly gobsmacked at Mr. Buik's reaction."

Investors seemingly aren't too worried about the HSBC revelations. The bank's shares are down 1.4% in London, but other UK lenders are down by similar amounts, including Barclays, Standard Chartered and RBS.

Image source, ICIJ

The organisation that co-ordinated the "Swiss Leaks" story - the International Consortium of Investigative Journalists - has an interactive graphic on their website, external, through which you can explore the countries and people involved.

Image source, Getty Images

The BBC's Yogita Limaye in Mumbai says the HSBC files reveal the names of almost 1,200 Indians whose balances add up to more than $4bn. The government has promised to investigate whether the account holders had cheated tax authorities - but finance minister Arun Jaitley cautioned that some accounts might be legitimate. Prime Minister Narendra Modi's government has pledged to root out "black money" from the system - one of its key election promises - but critics have often accused it of trying to shield some people on the list.

Nick Robinson
Political editor

Qs for @ToryTreasury - Did HMRC/Treasury know re HSBC's tax evasion advice BEFORE Green made peer? How could @EdBallsMP have known in '07?

Image source, Getty Images

The Swiss authorities are not easily coerced into action, but AFP reports that former Swiss president Micheline Calmy-Rey has said that opening an investigation into the HSBC revelations "would be the least that could be done". She added that the case had seriously damaged Switzerland's image.

BBC News Channel

Labour leader Ed Miliband has given his comments on the HSBC affair. "We need to know why HMRC apparently did not act, apart from at the margins, on the information that they seem to have been given about what was going on," he said. "We need to know from the government why they appointed Stephen Green of HSBC as a trade minister well after this information was passed to HMRC."

Image source, Getty Images

The "Swiss Leaks", as the HSBC files are being dubbed, are causing shockwaves in India, where there have been several strong political campaigns against tax evasion. The documents show that almost 1,200 Indians had private HSBC accounts in Switzerland, reports the Indian Express, external. The names include top business figures, diamond traders and politicians.

Norman Smith
Assistant political editor, BBC News

Labour say HSBC scandal never crossed @edballsmp desk and he had not been City minister for 3 years by time became public

Image source, Thinkstock

What does five million Swiss francs looks like? Richard Caring, owner of celeb hangout The Ivy, may have some idea. According to the Guardian, external, the businessman stepped out of HSBC's Geneva branch in September 2005 with that sum in cash - equivalent to £2.25m and enough to fill a suitcase. Richard Caring's tax status meant it was lawful for him to use a Swiss bank account.

The Guardian reports, external that the Australian Tax Office said it uncovered "a number of discrepancies" among hundreds of Swiss HSBC accounts held by Australians - many of them prominent figures - and had recovered more than 30 million Australian dollars in tax liabilities over the past five years. The ATO was given a leaked cache of 261 Swiss HSBC bank files in 2010, which it believes to be the same data obtained by the Guardian, the BBC and other news organisations.

Norman Smith
Assistant Political Editor, BBC

"The era of bank secrecy is coming to an end" - Treasury Minister David Gauke

One of the media outlets given access to the HSBC documents, The Indian Express, focuses on the fact that the bank "profited from doing business with arms dealers, external who channelled mortar bombs to child soldiers in Africa, bag-men for Third World dictators, traffickers in blood diamonds and other international outlaws".

Image source, AFP

AFP have obtained a further comment from HSBC. The bank told the news agency that its private banking arm "began a radical transformation in 2008 to prevent its services from being used to evade taxes or launder money".

Radio 5 live

The deputy PM Nick Clegg told 5 live the tax avoidance industry was "very sophisticated". He said the revelations "lift the lid on something which I suspect many people already knew" and that the issue "was not properly grappled with by the previous government".

BBC Radio 4

Richard Brooks, the former tax inspector, was on Today. The £135m HMRC has recovered as a result of these leaked account details is a "fraction" of the "billions" missed out on because of tax dodging, he says.

Jamie Angus, editor, Today programme

Did anyone ask Stephen Green about HSBC private bank prior to his appointment as Trade Minister. Gauke: 'I don't know.'

Image source, The Guardian

The Guardian dedicates its whole front page to what it describes as the "biggest banking leak in history". It says those caught up in it include "Hollywood stars", "royalty" and "heirs to some of Europe's biggest fortunes." Exchequers around the world are considered to be fighting a "losing battle" against "fleet-footed wealthy individuals", the paper suggests.

Radio 5 live

Labour's shadow work and pensions secretary, Rachel Reeves, told 5 live Breakfast: "What we've seen in the last five years is absolutely no action from this government. As far as I can tell just 1% of people implicated have been prosecuted. The head of HSBC has been given a peerage and a government ministerial job by this government and uncollected tax is on the increase."

BBC Breakfast

Margaret Hodge, chair of the UK Public Accounts Committee, puts the boot into HSBC on Breakfast, claiming that the bank "acted outrageously" and has been an "aggressive protagonist". She questioned whether the bank had avoided being prosecuted in Britain because its former chairman Stephen Green had been made a peer and government minister.