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Originally posted by barmyfluid
The Chinese banks have had their finger in the UK pie for a very long time already. See HSBC.
It amazes me how many people here in the UK think that they bank with a British bank in HSBC - Hong Kong Shanghai Banking Corporation.
Dumbasses.edit on 10-5-2012 by barmyfluid because: (no reason given)
Originally posted by biggilo
Originally posted by barmyfluid
The Chinese banks have had their finger in the UK pie for a very long time already. See HSBC.
It amazes me how many people here in the UK think that they bank with a British bank in HSBC - Hong Kong Shanghai Banking Corporation.
Dumbasses.edit on 10-5-2012 by barmyfluid because: (no reason given)
HSBC is a British bank.
Its HQ is in Canary Wharf.
They pay Corporation Tax to the UK treasury.
You are correct in what their name stands for and indeed it was originally based in Hong Kong, however Hong Kong was a British colony back then.
There is lots of threats about them moving their HQ away from London however.
Originally posted by FissionSurplus
At first I had a negative attitude about this story. But then I realized that money is money, and banks are crooked no matter who runs them, so now I don't know what to think about it.
Trust them? No. But I don't trust our own government, either.
If I am not mistaken, though, credit unions have some association with the big banks, still. I seem to remember that BMO backed mine. Comments from those in the know would be helpful.
Originally posted by Gruffly
Part of the solution is easy...
Get an account at your locally community owned credit union and dump the big banks.
Originally posted by Ex_CT2
Meet the new boss--same as the old boss....