HSBC has signed a Deferred Prosecution Agreement for breaches of the US Bank Secrecy Act, the Trading with the Enemy Act and assorted money laundering offences.
If HSBC had been indicted for these offences, that would have meant that the US government and others could no longer have conducted business with it, which would have been humiliating and highly damaging."
Mr Flint states "Nothing is more important than our Reputation.
This is the description by Senator Levin said HSBC had been pervasively polluted for some time.
Why did Mr Flint and Mr Gulliver not go to the Senate hearing in the USA? Maybe they wanted Mr Flint to take an OATH?
Mr Rakesh Shetty holds a protest calling for HSBC's License to be Suspended in India:
CEO Gulliver He also spoke of the need to do better, though added the 'HSBC of today' is vastly different to the one that made the errors. Mr Gulliver please remember Mr Flint has been a Board Director since 1995, also he was the Finance Director for 17 years and 2 years as Chairman. Why is Mr Gulliver describing illegal behavior as errors?
Will please explain what is vastly different in Mr Flint's behaviour and the Board of Directors of HSBC Holdings Plc while this illegal behaviour was going on?
Mr Flint states "Nothing is more important than our Reputation. What has Mr Flint done to protect the reputation of HSBC?
Has Mr Flint been untruthful concerning HSBC Limited in India asking customers to sign blank Letter Of Instructions?
Employee of HSBC Mr Root who asked the most plangent question: "What is this, the School of Low Expectations Banking?"
HSBC has been fined for breaching the rules and regulation of the Regulators on two Continents.
HSBC states: HSBC takes compliance with the law, wherever it operates, very seriously. Is HSBC telling the truth?
What is the Truth about HSBC & India? Will the next scandal for HSBC be in India?
When customers send The Hongkong and Shanghai Banking Corporation Limited in India signed Authorisation that they want a specific person to represent them, has not Mr Flint and the Bank denied them this simple right, why?
Mr Flint was saying in 2011 sorry for our weaknesses, 2012 he was saying "We cannot undo the mistakes"
What excuses will Mr Flint be using concerning India?
Mr Flint states "I am, however, confident that HSBC has the people, the financial strength and the right strategic focus and values to do well for those who place their trust in us, thereby meeting their expectations of us and contributing to the fulfilment of their aspirations and ambitions. That is what we exist to do.
Yes Mr Flint, HSBC has the financial strength; to pay any fines for their illegal practices.
Mr Flint, Regulators and customers have place their trust in HSBC and look at how HSBC HAS ABUSED THAT TRUST.
Mr Flint you have not met the expectations of the people in India or the Regulators around the world.
HSBC did meet the expectation of overseas banks with links to terrorist financing, HSBC did meet the expectation for people wanting to launder drug money.and as far as contributing to the fulfilment of their aspirations and ambitions you did fulfil their ambitions of laundering money. Which HSBC did that for many years. HSBC takes compliance with the law, wherever it operates, very seriously.
In India HSBC has killed the aspirations and ambitions of so many people by falsely registering them with CIBIL, asking people to sign blank LOI's, demanding money illegally.
"enforcing and adopting the highest behavioural and compliance standards across HSBC,' explained chair Douglas Flint as he announced the move. Would customers in India reject this statement by Mr Flint as being totally untrue?
Can anyone afford to trust Mr Flint to tell the truth about anything?
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