DTC Settlement Money Market Instrument (MMI) Issuer Failure. Is HSBC Bank having problems?
by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-dtcc-white-paper-money-market-instruments-blue-sky-task-force-report.pdf Some recent headlines: HSBC 1/13/2023: Under pressure from his biggest shareholder, China’s Ping An Insurance Group, to improve profit, HSBC (HSBA.L) Chief Executive Noel Quinn has in recent months accelerated plans to shrink its global empire and streamline its management. Reuters reported HSBC is shedding at least 200 senior managers as it prunes the ranks … Read more