HSBC and Deutsche Bank align once again

Bloomberg recently said “Deutsche Bank AG Chief Executive Officer Josef Ackermann and HSBC Holdings Plc Chairman Stephen Green are among bankers with a new ally in their tug of war with politicians over stricter rules: Europe’s sovereign-debt crisis.” Lets look at these two banks in America. HSBC was one of the top ten subprime lenders, …

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 …