Go Back  British Expats > Living & Moving Abroad > Middle East > The Sand Pit
Reload this Page >

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

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

Old Jan 26th 2014, 11:37 am
  #1  
Lost in BE Cyberspace
Thread Starter
 
Joined: Jul 2007
Posts: 13,553
The Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond repute
Default Anyone heard some VERY worrying rumours.........

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

I know nothing about it of course.
The Dean is offline  
Old Jan 26th 2014, 11:38 am
  #2  
BE Forum Addict
 
Joined: Jan 2011
Location: Dubai
Posts: 3,285
jam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond reputejam25mack has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

How worrying?
jam25mack is offline  
Old Jan 26th 2014, 11:42 am
  #3  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,624
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

Are they are in trouble deno?

I know they are selling off the Jordan bit.
Millhouse is offline  
Old Jan 26th 2014, 11:45 am
  #4  
Account Closed
 
Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
mikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond reputemikewot has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

http://www.bbc.co.uk/news/business-25861717
mikewot is offline  
Old Jan 26th 2014, 12:53 pm
  #5  
Forum Regular
 
Joined: Oct 2009
Location: Doha
Posts: 184
fezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of lightfezzer is a glorious beacon of light
Default Re: Anyone heard some VERY worrying rumours.........

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

fezzer is offline  
Old Jan 26th 2014, 2:59 pm
  #6  
womble
 
Joined: Sep 2005
Posts: 2,593
OriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

crap - where else can I stash my cash?
OriginalSunshine is offline  
Old Jan 26th 2014, 4:05 pm
  #7  
Lost in BE Cyberspace
 
kittycat1's Avatar
 
Joined: May 2009
Location: Dubai
Posts: 5,965
kittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond repute
Default 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?
kittycat1 is offline  
Old Jan 26th 2014, 4:12 pm
  #8  
Lost in BE Cyberspace
Thread Starter
 
Joined: Jul 2007
Posts: 13,553
The Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

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

http://iacknowledge.net/hsbc-bank-on...rash-imminent/
The Dean is offline  
Old Jan 26th 2014, 4:12 pm
  #9  
Lost in BE Cyberspace
Thread Starter
 
Joined: Jul 2007
Posts: 13,553
The Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

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

http://peoplestrustmalaysia.wordpres...h-withdrawals/
The Dean is offline  
Old Jan 26th 2014, 5:18 pm
  #10  
BE Enthusiast
 
Pongo's Avatar
 
Joined: Sep 2012
Posts: 379
Pongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond reputePongo has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

Hmmmm
Pongo is offline  
Old Jan 26th 2014, 7:13 pm
  #11  
Token Scandinavian Bloke
 
norsk's Avatar
 
Joined: Jun 2009
Location: Dubai
Posts: 2,820
norsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond reputenorsk has a reputation beyond repute
Default 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...

Last edited by norsk; Jan 26th 2014 at 7:25 pm.
norsk is offline  
Old Jan 27th 2014, 1:52 am
  #12  
Lost in BE Cyberspace
Thread Starter
 
Joined: Jul 2007
Posts: 13,553
The Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

Originally Posted by norsk View Post
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...
So why ARE they restricting cash withdrawals then?
The Dean is offline  
Old Jan 27th 2014, 2:06 am
  #13  
BE Forum Addict
 
Boomhauer's Avatar
 
Joined: Dec 2009
Posts: 4,335
Boomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond reputeBoomhauer has a reputation beyond repute
Default Re: Anyone heard some VERY worrying rumours.........

Originally Posted by mikewot View Post
That is such bulls$%T I hope people start withdrawing their money and boycotting HSBC.


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

Last edited by Boomhauer; Jan 27th 2014 at 2:21 am.
Boomhauer is offline  
Old Jan 27th 2014, 3:56 am
  #14  
**** it we'll do it live
 
shiva's Avatar
 
Joined: Oct 2004
Location: Dubai
Posts: 7,892
shiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond reputeshiva has a reputation beyond repute
Default 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
shiva is offline  
Old Jan 27th 2014, 4:06 am
  #15  
Wannabe Cycling God
 
TheShed's Avatar
 
Joined: Jul 2009
Location: Palm Jumeriah
Posts: 1,092
TheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond reputeTheShed has a reputation beyond repute
Default 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.
TheShed is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.