Tuesday, Aug 01, 2006

HSBC calls for regulation of companies offering advice to those in debt

TimesOnline: Bad debts take shine off record HSBC profit

As bad debts soar at HSBC the bank calls for companies that offer advice to those in debt be more heavily regulated. The chief executive of HSBC's Dyfrig John said, "We believe that IVAs and bankruptcies . . . are sold inappropriately in some circumstances..
Of course financial institutions would never offer financial services "inappropriately in some circumstances would they.

Posted by denzil @ 09:41 AM (458 views)
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3 Comments

1. inbreda said...

Classic 'do as I say, not as I do'.

Don't you just love the banks.

Tuesday, August 1, 2006 02:03PM Report Comment
 

2. denzil said...

I had to laugh the chairman of HSBC is called "Dyfrig John". I thought the name was wrong so I checked it on Google.
Do a google for "Dyfrig John" and click the very first link.

Tuesday, August 1, 2006 02:19PM Report Comment
 

3. George Monsoon said...

Denzil, I did what you said.

I could only read the first couple of lines before the garish red nearly caused me to fit!

Tuesday, August 1, 2006 02:32PM Report Comment
 

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