General Discussion
In reply to the discussion: HSBC is being outed NOW on CBS "60 Minutes" for aiding felonious US tax evasion [View all]Whistleblower1
(2 posts)I worked at HSBC. In the US. Every time I found something suspicious I was written up for insubordination. I declined a large lending transaction due to illegalities I found. I again was written up for insubordination, then misconduct and "improper communications" The transaction was cancelled when another participating lender found the issue and they stopped it. I was subsequently fired for "improper communications" when I brought the matter to senior Management. Almost everyone I worked with thought the deferred prosecution agreement was a joke. They continue the same activities today and actually believe that they are not being watched/investigated. The majority of employees are oblivious to the outside world, and the Relationship Managers think the entire thing is junk, laughable and the rules just get in their way. The culture is "find a workaround" which is pretty much just code for figure out a way to make it look like we are complying but do what the customer wants to make money.
When I submitted information/evidence to the proper authorities. I was told that they are still under investigation, as I had suspected. I saw that in February another whistleblower came out about there finding as well and was told the same thing. HSBC and it's employees are clueless, Naive, and living in a fantasy world.
They didn't think branches could possibly close. They did. They thought that the florida offices would stay. They eliminated the entire department and all employees. They have a offices in Buffalo, NY that the people there actually believe aren't going to close, even though 75% of the workforce has been cut in the past 2 years, their tower is empty, and half the jobs are already being done elsewhere.
These people are in space somewhere!!