HSBC Slammed by US
Re: HSBC Slammed by US
by Boris Johnson » Tue Dec 11, 2012 7:06 am
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Re: HSBC Slammed by US
by Dylan » Tue Dec 11, 2012 7:18 am
hehe. I don't hate banks at all. Quite the opposite. The financial industry today is maligned entirely out of proportion with their crimes. And in the next few years the recovery is going to be handicapped by banks sitting on huge sums of cash to cover potential liabilities from lawsuits based on actions that occurred almost a decade ago. Quite silly, IMO.
But anyway, I think that for HSBC to have been found liable the regulators would have to show some level of complicity or negligence in the measures they have adopted to prevent illegal transfers. If they had an effective monitoring system in place but some illegal transfers slipped through I don't think they would have had to pay up.
But anyway, I think that for HSBC to have been found liable the regulators would have to show some level of complicity or negligence in the measures they have adopted to prevent illegal transfers. If they had an effective monitoring system in place but some illegal transfers slipped through I don't think they would have had to pay up.
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Re: HSBC Slammed by US
by Boris Johnson » Tue Dec 11, 2012 7:47 am
Last edited by Boris Johnson on Tue Dec 11, 2012 7:49 am, edited 1 time in total.
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Re: HSBC Slammed by US
by Sparse1 » Tue Dec 11, 2012 7:48 am
Love that 'The Hongkong and Shanghai Banking Corporation' are suddenly European again.
“Increased means and increased leisure are the two civilizers of man” - Disraeli
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Re: HSBC Slammed by US
by Boris Johnson » Tue Dec 11, 2012 7:51 am
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Re: HSBC Slammed by US
by Boris Johnson » Tue Dec 11, 2012 7:53 am
Actually for the record, intentional agreement on bank capital reserves would probs be the most important. Though I think financial instruments need to be regulated to f**k as well.
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Re: HSBC Slammed by US
by Sparse1 » Tue Dec 11, 2012 7:54 am
“Increased means and increased leisure are the two civilizers of man” - Disraeli
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Re: HSBC Slammed by US
by Boris Johnson » Tue Dec 11, 2012 7:56 am
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