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Thread: Anyone bank with HSBC?

  1. #1

    Anyone bank with HSBC?

    Wonder how big an effect this will have on them?

    https://www.bbc.co.uk/news/uk-54225572

  2. #2

    Re: Anyone bank with HSBC?

    I haven't banked either HSBC for 25 years, but today they sent me an email asking me to confirm my details with them.
    How thoughtful.

  3. #3

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Wonder how big an effect this will have on them?

    https://www.bbc.co.uk/news/uk-54225572
    It will have he same effect as last time (and the time before that).
    What is embarrassing is that the UK banking system being used for money laundering and HSBC being a significant part of it is seen as "news" by the BBC.

  4. #4
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    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Wonder how big an effect this will have on them?

    https://www.bbc.co.uk/news/uk-54225572
    James Comey was a board member in 2013.

  5. #5

  6. #6

    Re: Anyone bank with HSBC?

    Quote Originally Posted by JumpersforGoalposts View Post
    It will have he same effect as last time (and the time before that).
    What is embarrassing is that the UK banking system being used for money laundering and HSBC being a significant part of it is seen as "news" by the BBC.
    UK banking has always been at the forefront of money laundering.

  7. #7

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Wonder how big an effect this will have on them?

    https://www.bbc.co.uk/news/uk-54225572
    It won’t affect them at all. £80m is a drop in the ocean for a banging company. Probably won’t even cause a slight blip!

  8. #8

    Re: Anyone bank with HSBC?

    Quote Originally Posted by cityhammer View Post
    It won’t affect them at all. £80m is a drop in the ocean for a banging company. Probably won’t even cause a slight blip!
    wow clearly I'm in the wrong type of business

  9. #9
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    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Did you think they would leak it if it didn't serve any agenda?

  10. #10

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Wonder how big an effect this will have on them?

    https://www.bbc.co.uk/news/uk-54225572
    It is interesting how this ‘story’ is barely mentioned by other news outlets and not mentioned on the front pages of any of the main newspapers and yet completely dominated the BBC News app. And has already nearly gone.

    Very strange.

  11. #11

    Re: Anyone bank with HSBC?

    HSBC in particular have been at the forefront of US financial regulator investigations for some years and have pleaded/plead guilty of several counts of money laundering to date leaving several thousand of associated charges still on file. I’m not sure of how much they’ve already been fined but it hasn’t stopped HSBC from doing business.
    They have a devolved business model where for example if HSBC in Thailand goes to the wall the rest of HSBC carries on.
    I have an account with HSBC because I can transfer money back to the U.K. without incurring bank charges.

    I also have an offshore account in US dollars which they manage very well. HSBC are a good bank to do business with and in my experience customer focussed.

    I believe it’s true to say that a fair number of big banks and a bigger percentage of small or middle size banks are all guilty of laundering money gained through the proceeds of crime for which the account holders are not able to prove satisfactory provenance.

    It’s not unusual for businesses and properties to be bought by limited companies that are registered in for example the Bahamas or Crete and the businesses run as shells for the purpose of washing funds. I know for example of 5 star golf course resorts where you are not able to book a round or stay overnight because they are always fully booked yet if you actually went there you wouldn’t see anybody playing or staying.

    This money laundering business has got a lot of levels yet to be revealed

  12. #12

    Re: Anyone bank with HSBC?

    Quote Originally Posted by Bobby Dandruff View Post
    It is interesting how this ‘story’ is barely mentioned by other news outlets and not mentioned on the front pages of any of the main newspapers and yet completely dominated the BBC News app. And has already nearly gone.

    Very strange.
    Well, their share price is at a twenty five year low today.

  13. #13

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Well, their share price is at a twenty five year low today.
    Here is the source of the story. A consortium of investigative journalists.

    https://www.icij.org/

    Some interesting names on the money laundering list,

    https://www.icij.org/investigations/...ntial-clients/

    Ukrainians, Deripaska, Firtash, Kolomoisky and the US criminal and former Trump campaign manager Paul Manafort.

    Wouldn't it be spooky if some of the dirty deeds of these Ukrainians cropped up in tainted investigations reaching their conclusion.

  14. #14

    Re: Anyone bank with HSBC?

    Quote Originally Posted by cyril evans awaydays View Post
    Here is the source of the story. A consortium of investigative journalists.

    https://www.icij.org/

    Some interesting names on the money laundering list,

    https://www.icij.org/investigations/...ntial-clients/

    Ukrainians, Deripaska, Firtash, Kolomoisky and the US criminal and former Trump campaign manager Paul Manafort.

    Wouldn't it be spooky if some of the dirty deeds of these Ukrainians cropped up in tainted investigations reaching their conclusion.

  15. #15

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Well, their share price is at a twenty five year low today.
    Already planned 35,000 job loses this year and changing its whole investment bank, assume this will just accelerate it.

  16. #16

    Re: Anyone bank with HSBC?

    Quote Originally Posted by the other bob wilson View Post
    Well, their share price is at a twenty five year low today.
    Have you noticed the pandemic going on? The fall in share price is not due to some BBC story!

  17. #17

    Re: Anyone bank with HSBC?

    Quote Originally Posted by cityhammer View Post
    Have you noticed the pandemic going on? The fall in share price is not due to some BBC story!
    Still odd that, six months after lockdown was announced, it was the first trading day after the story broke that shares dipped to their lowest level in a quarter of a century , are you saying that is a coincidence?

  18. #18
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    Re: Anyone bank with HSBC?

    Quote Originally Posted by cyril evans awaydays View Post
    Here is the source of the story. A consortium of investigative journalists.

    https://www.icij.org/

    Some interesting names on the money laundering list,

    https://www.icij.org/investigations/...ntial-clients/

    Ukrainians, Deripaska, Firtash, Kolomoisky and the US criminal and former Trump campaign manager Paul Manafort.

    Wouldn't it be spooky if some of the dirty deeds of these Ukrainians cropped up in tainted investigations reaching their conclusion.
    Who shut down the original investigation into Manafort before Trump came on the scene? It's going to be lovely when all this stinky poo stuff finally comes out.

  19. #19

    Re: Anyone bank with HSBC?

    Quote Originally Posted by cityhammer View Post
    Have you noticed the pandemic going on? The fall in share price is not due to some BBC story!
    Mate, it was on the Spanish news (so i assume other international news to have picked it up) and despite what Bobby said at the time of his post it was still on the front page of the Guardian, FT, & Reuters . Yesterday it was in CNBC & Business Insider and suspect it'll be in the news for the coming weeks.

    Oh,and IT WAS NOT a BBC Story it was passed to Buzzfeed. https://www.buzzfeednews.com/article...g-drug-cartels

  20. #20

    Re: Anyone bank with HSBC?

    Any mention of Langston in the files?

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