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(Reuters)   Europe's largest bank, HSBC, all butthurt and whiny after record fines for its own misconduct mean their profit drops to $12.3 billion - for six months to the end of June   (reuters.com) divider line 17
    More: Asinine  
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602 clicks; posted to Business » on 05 Aug 2014 at 7:32 PM (33 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
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2014-08-05 06:16:57 PM  
Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

There's so much in that sentence.
 
2014-08-05 07:04:31 PM  

TheOmni: Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

There's so much in that sentence.


WAAAHHH! If you won't let us break the law how are we supposed to make any money?!?
 
2014-08-05 07:46:26 PM  

fusillade762: TheOmni: Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

There's so much in that sentence.

WAAAHHH! If you won't let us break the law how are we supposed to make any money?!?


"How do you expect me to make any money if I don't work the register?"
 
2014-08-05 07:55:07 PM  
"HSBC Chairman Douglas Flint on Monday called on international regulators to clarify what they expected of bank staff after recent record sanctions for misconduct, including a $9 billion U.S. fine against France's BNP Paribas, had left them fearful of retribution."


How can he utter these words and not feel grossly embarrassed? Stupid, even. Isn't what he is asking for, you know, part of his job to know?
 
2014-08-05 08:12:35 PM  

PapaChester: "HSBC Chairman Douglas Flint on Monday called on international regulators to clarify what they expected of bank staff after recent record sanctions for misconduct, including a $9 billion U.S. fine against France's BNP Paribas, had left them fearful of retribution."


How can he utter these words and not feel grossly embarrassed? Stupid, even. Isn't what he is asking for, you know, part of his job to know?


This is just part of the S&M game. He's playing the sub.
 
2014-08-05 08:50:38 PM  
Their executives should be in jail for funding Mexican drug cartels and Iran.  If Eric Holder wasn't a whore, they would be.
 
2014-08-05 09:40:08 PM  
They should be fined 100% profits for a couple years. Fark these assholes and the horse they road in on.
 
2014-08-06 12:56:36 AM  
Isn't this the bank that got caught laundering over 800 million dollars of drug money?

Yes they are!

And not a single person spent even a night in jail..
 
2014-08-06 01:52:42 AM  

DVOM: Isn't this the bank that got caught laundering over 800 million dollars of drug money?

Yes they are!

And not a single person spent even a night in jail..


Duh. Know your laws. It was excused under the:
'Why Even Attempt Lawful Traditions Heady Youth?
Retribution Incites Considerable Hesitance,
Most Officials Need Everything, Y'know.
While Hamhanded Idolatry Tought Everyone,
Connection, Obviously by Remiss Recovery Under Potential Tenets, Is Only Normal.' act of *insert year here*

Moron.
 
2014-08-06 07:29:45 AM  
Ah yes, Europe's largest bank since 1991, when a new holding company for it was created in London due to its headquarters for the previous 135 years being somewhere that was about to become a former British territory. After all, HSBC is the "Hong Kong and Shanghai Banking Company."
 
2014-08-06 08:36:39 AM  
It is a good thing the US rectified this with Dodd-Frank. Small banks can now compete... wait, it just made big banks bigger.
 
2014-08-06 09:28:23 AM  

DVOM: Isn't this the bank that got caught laundering over 800 million dollars of drug money?

Yes they are!

And not a single person spent even a night in jail..


Well, companies aren't people. You can't throw them in jail.
 
2014-08-06 09:38:27 AM  
In a just society, every single employee would be executed
 
2014-08-06 09:40:46 AM  
Ahh, the banking sector.  Capitalist in the good times, Socialist in the bad.
 
2014-08-06 10:01:39 AM  

TheOmni: Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

There's so much in that sentence.


They understand what "reasonable" means?
 
2014-08-06 10:02:16 AM  

Laobaojun: Ahh, the banking sector.  Capitalist in the good times, Socialist in the bad.


Isn't that our economic model as a whole?
 
2014-08-06 05:03:50 PM  

Lost Thought 00: In a just society, every single employee would be executed


yes
 
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