Tuesday, June 16, 2015
HSBC Clouds Rolling In
HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the world's third-largest bank by assets. It was founded in London in 1991 by the Hong Kong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865.
HSBC was accused of tax fraud and money laundering in Switzerland. Swiss prosecutors launched a money laundering investigation against HSBC’s office in Geneva in February. The investigation was based on so-called Swiss Leaks, which provided information until 2007 about more than 100,000 clients with accounts worth $100 billion. HSBC agreed to pay $43 million in compensation to Swiss authorities to avoid charges.
The average Joe doesn't get the chance to play on this board, this is The Big Game. With all the manipulation of finances woven with MIT science seems to have been developed to manipulate the market and stall the courts on the justice of unknown science, just marvelous, masters of the universe, ah in who's mind? As time goes by one item will always remain, records can't have business with them or without.