Hsbc: Fill & Download for Free

Advertising in countries where you have little to no operations in order to trick people into believing that you're a super global brand.One of the most famous illustration is HSBC advertising in airports.HSBC has a strong incentive to make its brand look like a global partner that can follow business travellers wherever they go.So they started advertising in airports, a cost-effective place to reach these people. They are now running ads in roughly 50 airports worldwide, which indeed gives the impression that HSBC is everywhere on the globe.The thing is, in many of these countries, the airport is essentially the only place where you'll get to see HSBC.Take the Bangkok airport for example. HSBC has dozens of ads out there, but just one branch in all Thailand[1][1][1][1]. Same with Spain where they advertise despite having no PB operations at all there[2][2][2][2].Footnotes[1] Country contacts | HSBC Holdings plc [1] Country contacts | HSBC Holdings plc [1] Country contacts | HSBC Holdings plc [1] Country contacts | HSBC Holdings plc [2] File:HSBC World.svg[2] File:HSBC World.svg[2] File:HSBC World.svg[2] File:HSBC World.svg

Was HSBC compelled under commercial pressure to make a political endorsement of China's security measures that undermine the Hong Kong constitution? Why get involved in politics of taking a side?Good question: it shows how global our economies have become. Here’s the twisted tale of HSBC, Hong Kong, and taking sides:HSBC is one of the world’s leading money launderers. HSBC has been prosecuted twenty times for money laundering and convicted many times in the USA alone. HSBC has paid billions in US fines for money laundering. Here’s a great video that tells HSBC’s sordid history, from laundering Chinese opium money to laundering British opium money to laundering Hong King Triads opium to laundering Mexican cocaine money:As a result of being convicted so frequently, HSBC is extremely vulnerable because the US Justice Department could simply pull its charter to operate in the US if it is convicted again.Here’s what happened after the FBI again caught HSBC laundering hundreds of millions of $$ of Mexican drug money in late 2019:Next: FBI to HSBC, “You must dance to our tune if you hope to escape prosecution and jail for your Chairman”.Next: FBI asks HSBC, “Help us take down one of your clients and we’ll confiscate your Mexican drug $$ but let you keep your US Banking License and we won’t jail your CEO”.Next: The FBI tells HSBC it wants to take down Huawei.Next: HSBC says, “Yes” and, wanting to please the FBI, resisted supporting Hong Kong's national security law, which–among other things–would make HSBC more vulnerable to prosecution by Beijing.Next: the plot thickens: the FBI gives HSBC a list of questions crafted by US criminal lawyers whose answers, read in sequence, would be sufficient to indict (but not convict) Ms. Meng.Next: the bank asks Ms Meng, , Huawei's CFO, the questions, tapes her answers, and gives the transcript to the FBI.Next: Ms Meng's defense team prove that Canada's Citizenship and Immigration Department also conspired with the FBI to arrest Ms Meng, contrary to the government’s public statements.Next: Beijing finds evidence that HSBC conspired with the FBI to entrap Ms. Meng. BOOM!Next? Stay tuned… Will HSBC lose its Chinese Banking Charter, 80% of its profits, its credibility and, perhaps, its viability?

HSBC committed an act of utmost stupidity by double-crossing Huawei, Meng Wanzhou and the PRC. Their leadership probably intended to appease the authorities in the US, with the false assumption that their interest as British bank lies with the Western world.If the reason they did this was to bargain for leniency from U.S. prosecution of money laundering related to Mexican drug cartel or other criminal offence, this is a really dumb and short-sighted move.The only regions where HSBC (formerly Hong Kong & Shanghai Banking Corporation) has growth and progress is Hong Kong, China and East Asia. By clearly siding with the US at a time when China and Hong Kong are confronted by a hostile Western alliance, HSBC will be blacklisted in China for good. The potential loss is tremendous and HSBC will probably never recover from it.HSBC also angered the Chinese government and the Hong Kong SAR government by allowing the Americans and the anti-government forces to money launder during the 2019 political turmoil in Hong Kong.The people of Hong Kong clearly know that HSBC is siding with the Western nations and not Hong Kong in a crisis. Therefore, Hong Kong people will stop viewing HSBC as their proud local bank. The status of HSBC in Hong Kong actually started to faded considerably when the iconic bronze lions at its entrance were set ablaze during the 2019 riots. Its reputation is now in the pits after (a) it refused to pay annual dividend to HK shareholders (many relying on that to survive) and (b) when its share price dropped from over HKD90 to barely HKD35 today.Its leadership in London will regret siding with Trump and the USA.