HSBC VP: “It’s a whole banking system of organized crime”

John Cruz Sr VP HSBC Bank- Hr 1

9:23 “It’s a whole banking system of organized crime”

HSBC (The Hongkong and Shanghai Banking Corporation) is a British multinational banking and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion (as of December 2018).
In both 2003 and 2010, U.S. regulators ordered HSBC to strengthen its anti-money laundering practices.
On 19 July 2012, India investigated alleged violation of safety compliance, in which Indian employees were believed to be involved. On 9 November 2012, Indian activist and politician Arvind Kejriwal said he had details of 700 Indian bank accounts hiding black money with a total value of ₹60 billion (US$870 million) with HSBC in Geneva.[127] In June 2013, a media outlet in India did an undercover expose where HSBC officers were caught on camera agreeing to launder “black money.” HSBC placed these employees on leave pending their own internal investigation.
en.wikipedia.org/wiki/HSBC

Guess why Kong Kong is coming to Hong Kong?

Corruption Inc: Former CEO of HSBC Holdings Plc’s Swiss private bank pleaded guilty to helping wealthy clients hide assets worth at least €1.6bn; admiited helping clients evade taxes. How different are the UK operations? Will UK investigate?

UK will not investigate it’s own crooks, but China will do that in HK.

HSBC’s CEO John Flint makes surprise departure after he took over as CEO in February 2018 after Stuart Gulliver’s retirement

www.scmp.com/business/companies/article/3021404/hsbc-ceo-john-flint-steps-down-less-two-years-after-taking-top

HSBC Says Greater China Chief’s Resignation Unconnected With Huawei Probe
Helen Wong, chief executive of Greater China at London-based HSBC, stepped down on Friday, according to internal emails seen by Caixin, marking the bank’s second high-level executive departure in a week
www.caixinglobal.com/2019-08-12/hsbc-says-greater-china-chiefs-resignation-unconnected-with-huawei-probe-101450099.html

Lots of rats are leaving the sinking HSBC ship as they won’t like to spend the rest of his life in prison.

A Titanic event is coming for Britis banking!

AC

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