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In reply to the discussion: Third prominent banker found dead in six days [View all]RainDog
(28,784 posts)59. here's the text of your first link
HSBC dumps small businesses for international profiles
Banking giant HSBC is dumping some of its small business clients in favour of those with more internationally-oriented profiles.
Linda Bryan is the owner of a small pharmacy in White Rock, B.C., who has been banking with HSBC for 17 years. Recently, she received a letter from the bank informing her she has 60 days to transition to another financial institution.
"We will be closing the accounts listed above, along with all additional business accounts associated with this relationship," reads the HSBC letter addressed to Bryan.
She says she was stunned.
http://www.cbc.ca/news/canada/british-columbia/hsbc-dumps-small-businesses-for-international-profiles-1.2515068
HSBC Said to Plan Sale of Swiss Private Banking Assets in Geneva
HSBC Holdings Plc (HSBA), Europes largest bank, is planning to sell parts of its Swiss private bank as some foreign lenders retreat amid a crackdown on bank secrecy and rising regulatory scrutiny, four people with knowledge of the situation said.
HSBC is selling a largely Geneva-based business with about $15 billion in assets under management, according to three of the people, who asked not to be identified because talks are private. Documents for the business, which includes wealthy clients in France, have been sent to potential buyers and it may be sold in parts, though no sale is guaranteed, they said.
http://www.businessweek.com/news/2014-01-31/hsbc-said-to-plan-sale-of-swiss-private-banking-assets-in-geneva
Bad HSBC Policy Raises Specter of Bank Run
NEW YORK (TheStreet) -- The term "bank run" conjures up all kind of bogeyman images, and right now it's rearing its ugly head in the U.K.
That doesn't mean a bank run is imminent here in the U.S., but in the age of global digital media, what's happening in England has American bankers thinking the once unthinkable.
The story starts in London, where customers of HSBC complained last week they couldn't withdraw large sums of money from local bank branches without asking for what amounts to a "permission slip."
According to the British Broadcasting Co., customers were being told by bank staffers they could not withdraw more than 5,000 in British pounds (or $8,253 in U.S. dollars) without having a "good reason" for making the withdrawal.
HSBC admits the policy was in place, but has reversed course on making customers explain why they need to withdrawal the money:
"We ask our customers about the purpose of large cash withdrawals when they are unusual and out of keeping with the normal running of their account. Since last November, in some instances we may have also asked these customers to show us evidence of what the cash is required for.
http://www.thestreet.com/story/12276141/1/bad-hsbc-policy-raises-specter-of-bank-run.html
HSBC is slashing its variable rate to the lowest among the retail banks
THE nation's billion-dollar home loan war has intensified with HSBC slashing its variable rate to the lowest among the retail banks.
The cutting of their variable rate loan by 0.59 of a percentage point to 4.75 per cent days ahead of the Reserve Bank of Australia's first monthly meeting next Tuesday has signalled that the mortgage war is on.
The rate is the lowest of any branch-based retail bank.
http://www.news.com.au/finance/business/hsbc-is-slashing-its-variable-rate-to-the-lowest-among-the-retail-banks/story-fnkjidjt-1226813222718
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You know, as assassin could force poison down your throat or blow your brains out
bluestate10
Feb 2014
#170
Or even Saddam Hussein. I mean how would it look to future puppets if we really let him die?
rwsanders
Feb 2014
#110
HSBC has quite a track recored of being a sleazy bank. HSBC should merge with BOA. n/t
RKP5637
Feb 2014
#77
There was also this recent news that the DEA negotiated with the Sinaloa cartel
RainDog
Feb 2014
#40
And remember "emerging economy problems" was the explanation for the run of really bad days
BlueStreak
Feb 2014
#37
That was Capital calling their money home. I see as noted above a China problem.
Ikonoklast
Feb 2014
#83
That's what struck me when they did it. It seemed like a really desperate move.
Squinch
Feb 2014
#145
Hmmm...is there something coming down the pike that we don't know about?
Baitball Blogger
Feb 2014
#5
We've been riding the greatest pyramid scheme in history. In 2008 the can was kicked
rhett o rick
Feb 2014
#6
As long as it doesn't make it to the washer woman level, I guess it was just a matter
Baitball Blogger
Feb 2014
#8
It's an egregious system that feeds on itself like a cancer and if one extrapolates it out it
RKP5637
Feb 2014
#76
The being pushed off bridges and buildings type of suicide is also a thing.
Fantastic Anarchist
Feb 2014
#153
Yes, as I said below, the collapse was only postponed. It still has to happen sooner or later...
ChisolmTrailDem
Feb 2014
#20
Yep, agree. See my post #76. The system could work, but greed and shenanigans are too great. The
RKP5637
Feb 2014
#80
Well, what happened was that the criminals were allowed to get away with it and so
ChisolmTrailDem
Feb 2014
#112
I heard the crash that was avoided in 2008 with TARP (among others) is still going to happen
ChisolmTrailDem
Feb 2014
#19
I literally just walked to BofA and cashed my paycheck and then walked to
ChisolmTrailDem
Feb 2014
#146
I don't know if that's sarcastic or not it might not be so far off the mark
VanillaRhapsody
Feb 2014
#38
What do you call a thousand investment bankers at the bottom of the ocean?
Egalitarian Thug
Feb 2014
#52
Our heavily manipulated faux economy may be running out of manipulations.
democratisphere
Feb 2014
#78
k and r--bookmarking for later reading. either they all know something really bad, or they had help
niyad
Feb 2014
#93
The DOJ is investigating big money re violation of bribery laws involving Libya's investment fund
siligut
Feb 2014
#144
A Rash of Deaths and a Missing Reporter – With Ties to Wall Street Investigations
mirrera
Feb 2014
#159
Microbiologists were dying under strange circumstances during the post-9/11 anthrax attacks...
radhika
Feb 2014
#161
they're already too big to fail and too big to jail, what other shoe will drop?
WillYourVoteBCounted
Feb 2014
#162