HSBC stopped advertising with the Guardian because of its negative news coverage about the bank and accusations that HSBC Swiss bank was being used  by tax evaders.

"HSBC decided to put its commercial relationship with the Guardian on pause," the Guardian told iMediaEthics by e-mail.

Dozens of news outlets reported earlier this month, based on leaked files from 2005 to 2007, that HSBC in Switzerland was involved in hiding money from taxes. The Guardian reported: "On Monday,