HSBC did not sail through the financial crisis

In an editorial the other day we read this quote, and beg to disagree” If any bank can claim to have sailed through the global financial crisis relatively intact, it is HSBC. The bank has not been censured by the regulators; it has not been bailed out with one dollar of government funding and, most …

No TARP for HSBC

Thomas Hartley of Business First of Buffalo reported that HSBC USA has no plans to take part in the federal government troubled asset relief program (TARP). The article “HSBC Passes On Federal Program” says HSBC supports the U.S. government’s efforts as part of ongoing public and private initiatives to address issues in the marketplace, including …