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Showing posts with the label HSBC

The corrupt fraudsters within the banks must be prosecuted.

http://www.theguardian.com/business/2014/jul/28/bank-of-england-lloyds-bailout-funding Lloyds fined £217 million over Libor rigging Lloyds Bank The bankers should be subject to criminal law the same as everyone else. It was not "the bank" which corrupted the Libor rates and made huge profit from the speculation. It was specific individuals within the banks who conspired together and committed a crime. They went on to re introduce the obscenity of awarding themselves large bonuses and at the same time, carried on receiving payouts from the British tax payers. A benefit claimant would be hounded and persecuted for wrongly claiming a few pounds in benefits and yet "the bank" can receive £ millions and nobody says a word.   These corrupt fraudsters, must be prosecuted and jailed if trust in our banks is to be restored.

HSBC in Regent Street becomes a foodbank

  http://www.huffingtonpost.co.uk/2013/07/20/hsbc-uk-uncut_n_3628089.html?utm_hp_ref=uk The campaigners highlighted research showing that 500,000 people now rely on food banks on a regular basis, with almost half saying it was because of cuts or delays in benefits payments. UK Uncut protesters demonstrate outside a branch of the HSBC Bank in London's Regent Street   There are a number of posts on this article which demonstrate all too clearly how this government and its cohorts in the media and press, have been very successful at demonising one section of society at the expense of another section. Bile, spite and ill informed comment,  more suited to the Daily Mail or Telegraph are repeated parrot fashion and framed as contributions to what should be a serious debate about a serious problem. No matter how much venom is directed against foodbanks, the people who rely on them and the volunteers who provide the facility. it is a problem which will not go awa...

Criminal activity pays.........................for some people.

http://www.huffingtonpost.co.uk/2013/04/23/hsbc-job-cuts_n_3137835.html?utm_hp_ref=uk  HSBC To Axe Over 2,000   HSBC the bank run by some shady management, who qualified for huge bonus payments into their personal accounts, being the same bank who admitted money laundering and other criminal activities. HSBC who were fined (or agreed to pay US authorities) $1.9bn (£1.2bn) in a settlement last year, and now faces new accusations of illegal activity in Argentina for using "fake receipts" to facilitate money laundering and tax evasion. HSBC this week, announces job cuts impacting on thousands of its staff, over the "changing nature" of the business as well as regulation. Another example of corporate crime providing financial reward for the top management and redundancies for people who work there.

The old saying is wrong. Crime does pay.

http://www.huffingtonpost.co.uk/2013/03/02/hsbc-chief-executive-stuart-gulliver-bonus_n_2797532.html?utm_hp_ref=uk    HSBC Chief Executive Stuart Gulliver To Receive '£2 Million Bonus' HSBC Chief Executive Stuart Gulliver   Almost every day, there is an announcement somewhere of banking CEO,s or other senior management, receiving huge bonus payouts. In most cases, the banks concerned have been involved in some questionable practices, or even criminal activity. In this instance, it is money laundering and mis-selling. In any other situation, the people responsible would have been charged and most likely imprisoned for such crimes. When it comes to the banks however, the people in charge take the bonus, and the corporation "takes the rap".