Anyone heard some VERY worrying rumours.........
 

............ about HSBC??

I know nothing about it of course. :o

Re: Anyone heard some VERY worrying rumours.........
 

How worrying?

Re: Anyone heard some VERY worrying rumours.........
 

Are they are in trouble deno?

I know they are selling off the Jordan bit.

Re: Anyone heard some VERY worrying rumours.........
 

Re: Anyone heard some VERY worrying rumours.........
 

http://www.ibtimes.co.uk/hsbc-70bn-c...c-asia-1432655

:ohmy:

Re: Anyone heard some VERY worrying rumours.........
 

crap - where else can I stash my cash?

Re: Anyone heard some VERY worrying rumours.........
 

And for people banking with HSBC here, this means what exactly? Time to stash money under the bed?

Re: Anyone heard some VERY worrying rumours.........
 

A 'minor' blogsite but..............

http://iacknowledge.net/hsbc-bank-on...rash-imminent/

Re: Anyone heard some VERY worrying rumours.........
 

.............. and..............

http://peoplestrustmalaysia.wordpres...h-withdrawals/

Re: Anyone heard some VERY worrying rumours.........
 

Hmmmm

Re: Anyone heard some VERY worrying rumours.........
 

BBC News reported this on 24 Jan including how the policy was actually implemented in November, and then the day afterwards a couple of doomsday bloggers has read between the lines and there is an imminent crash?

Just saying... :frown:

Re: Anyone heard some VERY worrying rumours.........
 

So why ARE they restricting cash withdrawals then?

Re: Anyone heard some VERY worrying rumours.........
 

That is such bulls$%T:frown: I hope people start withdrawing their money and boycotting HSBC.


Recently, HSBC had to pay a $2 billion dollar fine, for money laundering.

Re: Anyone heard some VERY worrying rumours.........
 

this is how a run on a bank starts.

out of interest who is happy with their offshore bank and who do you use? other than hsbc of course

Re: Anyone heard some VERY worrying rumours.........
 

Not really my place to defend HSBC, but we should hear both sides of a story

from yahoo news

Most analysts rate HSBC shares a 'buy', arguing the bank has plenty of excess capital. Deutsche Bank (Xetra: DBK.DE - news) reckons the lender has $500bn in excess deposits and liquidity and will benefit strongly when interest rates rise.
Simon Maughan, head of research at OTAS Technologies, told CNBC : “If we look at the credit market and implied volatility on HSBS shares, it’s significantly less than the European bank average—whether it’s equity, credit or option markets, they’re not concerned by this story.
“What Tom [Thomas Monaco] is saying is HSBC has surplus capital but under his stress test environment, that disappears—well, that’s kind of what surplus capital is there for in the first place.
“Secondly he’s saying they haven’t used the period of QE to dispose of legacy assets. It’s precisely because of HSBC’s capital strength that they made the decision to hold onto those legacy assets and get a better price for them when they matured ... I don’t think that it’s something major shareholders, certainly the ones we speak to, are concerned about.”
HSBC declined to comment.