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Thread: So..HSBC have been found out...

  1. #1
    Join Date
    Jul 2012
    Posts
    9,074

    So..HSBC have been found out...

    Well thankfully it isn't money that makes the world go round...its LOVE...

    Have a look at this link and don't worry, you don't have to know Spanish to figure it out....
    Great sportsmanship....shown.....
    https://www.bbc.com/news/world-54224410

  2. #2
    Join Date
    Jul 2012
    Posts
    9,074
    HSBC's share price fell to its lowest level since 1995 amid allegations of money laundering.

    HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.

    The UK-based bank faces multiple pressures including political tension in Hong Kong and the pandemic fallout.

    On Monday in Hong Kong, the shares fell by more than 4% to less than HK$30. In London they also lost 4%.

    This year its share price has plunged by around 50%.

    While HSBC is headquartered in London, more than half of its profits come from the Asian financial hub of Hong Kong.

    The system is wobbling again....

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