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Hsbc Threaten To Quit London

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HSBC threaten to quit London if they risk being split up to avoid the 'too big to fail' problem happening again.

HSBC benefited from the bail out, now they blackmail us!

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Without the bails outs the whole banking system would have collapsed including hsbc

Nah. I don't swallow that.

The good bits would have been gobbled up by the healthy banks - the govt would have had to bail out savers. And the debt book could have been chopped up too.

I do not believe the uk government interfering as it did has helped the uk.

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A threat? Ohhh... I'm quaking in my boots! :lol:

I say let them go elsewhere and if we have a void of banking service here, the other banks can grow to fill it. Better still, some new banks can start up.

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Without the bails outs the whole banking system would have collapsed including hsbc

Don't think so. Without the bail out, HSBC will be the only bank left in town..

@ Let's get it right

HSBC did not participate in the Asset protection scheme, but it does benefit from the government credit guarantee on anything that it borrows.

Edited by easybetman

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Nah. I don't swallow that.

The good bits would have been gobbled up by the healthy banks - the govt would have had to bail out savers. And the debt book could have been chopped up too.

I do not believe the uk government interfering as it did has helped the uk.

Agreed

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I'm under the impression that HSBC have taken advantage of the government scheme to guarantee the value of assets parked in it.

They certainly benefited from panic not gripping the entire banking sector. Had there been no bailouts, they would have been at risk of problems too, as the bank runs rolled in on them in time. I suppose they had an implicit bailout, by virtue of the other banks being propped up.

Then again... they could have benefited by being the strongest standing, sucking in deposits from other banks in this situation. A 'good' bank to the failing 'bad' banks as it were.

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They certainly benefited from panic not gripping the entire banking sector. Had there been no bailouts, they would have been at risk of problems too, as the bank runs rolled in on them in time. I suppose they had an implicit bailout, by virtue of the other banks being propped up.

Then again... they could have benefited by being the strongest standing, sucking in deposits from other banks in this situation. A 'good' bank to the failing 'bad' banks as it were.

The government by their very action protected every one of these financial institutions from meltdown, Armageddon in fact. There would have been no HSBC had they not done so.

And now they say they didn’t need any direct help so the sun shines out of their bums. Short sighted, lying tossers. F8ck them: let them go leech of some other countries tax payers.

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Where will they go?

The chinese seem to want to run a pretty tight ship.

Obama is likely to want to push through similar reforms to us

Only Europe and the US still believe banks somehow add value to an economy by extorting it.

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Don't HSBC have massive exposure, having bought zombie bank chains, to build a presence in the USA?

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How did HSBC benefit?

HSBC signed up to the government’s rescue scheme, benefited from state guarantees and all the injections of liquidity intended to free up the credit markets.

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HSBC signed up to the government’s rescue scheme, benefited from state guarantees and all the injections of liquidity intended to free up the credit markets.

Forgot to mention they also received $3.5 Billion via AIG's bailout.

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Ooh, so job losses likely in Mordor London, then? My, this is a day for good news.

Yeah - only happens to be the location of one of GB's major export industries.

It's a double edged sword to wish it ill.

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HSBC could argue they suffered from the government's banking bail outs. They were well capitalised, prepared ahead of time, sold their HQ building and rented it back about 3 months before the start of the credit crunch in 2007, so they would have mopped up all the customers from failed banks, if any banks had actually been allowed to fail.

By rights HSBC should be spitting tacks! The government has done them no favours.

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HSBC could argue they suffered from the government's banking bail outs. They were well capitalised, prepared ahead of time, sold their HQ building and rented it back about 3 months before the start of the credit crunch in 2007, so they would have mopped up all the customers from failed banks, if any banks had actually been allowed to fail.

By rights HSBC should be spitting tacks! The government has done them no favours.

I remember reading reports at the time that they weren't happy, and threatened all sorts unless the bail-out terms were severe on the bad banks.

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Please shut the door on your way out...

Beat me to it :)

That is, I don't have a portfolio of overleveraged BTLs in Docklands; I don't deal cocaine; and I'm not the proprietor of a lapdancing bar. So fewer bankers in London won't effect me. in fact, it will be a plus for ordinary Londoners.

Edited by dryrot

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
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      • up 5%



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