Originally posted by DimPrawn
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Reply to: HSBC says may leave UK
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Previously on "HSBC says may leave UK"
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Actually, they may be quite keen to leave. I was there when they built the tower at Canary Wharf. Due to corners being cut when they were racing Citibank to complete their respective buildings, I hear that the HSBC tower has an expected lifespan of around 25 years before the concrete starts crumbling. Might be time to go before it all gets very very embarrasing. Perhaps cracks have started to appear.
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Originally posted by Mich the Tester View PostThey might relocate to Hong Kong or Shanghai; of course, it can only be in a bank's shareholders' best interests to take HQ away from an established, stable democracy that hasn't defaulted in 300 years and has an attractive and stable tax regime, to the corrupt money playground of unelected communist party cronies in a country that is still run by the same people who brought you the Tianenmen Square massacre when the middle classes dared to express an opinion, and in fact has a long history of imprisoning people for having a functioning brain and starving millions of its own citizens. Yep, the People's Republic of China really is a great place to do business.
If that's how stupid, short sighted, and badly managed they really are, then good riddance.
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Originally posted by Mich the Tester View PostThey might relocate to Hong Kong or Shanghai; of course, it can only be in a bank's shareholders' best interests to take HQ away from an established, stable democracy that hasn't defaulted in 300 years and has an attractive and stable tax regime, to the corrupt money playground of unelected communist party cronies in a country that is still run by the same people who brought you the Tianenmen Square massacre when the middle classes dared to express an opinion, and in fact has a long history of imprisoning people for having a functioning brain and starving millions of its own citizens. Yep, the People's Republic of China really is a great place to do business.
If that's how stupid, short sighted, and badly managed they really are, then good riddance.
Of course that is obvious to all except the unworldly, naive, moron who started this thread
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Originally posted by zeitghostYup.
"Feck off & don't let the door hit you on the arse on the way out" would work for me.
If that's how stupid, short sighted, and badly managed they really are, then good riddance.Last edited by Mich the Tester; 9 November 2011, 15:09.
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Originally posted by Jeebo72 View PostHow stupid would that be. Go and join the stupid protests outside st pauls with the rest of the short sighted idiots.
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Originally posted by Jeebo72 View PostHow stupid would that be. Go and join the stupid protests outside st pauls with the rest of the short sighted idiots.
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Will any government ever have the guts to say to such an organisation 'off you go then'?
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HSBC says may leave UK
Q3 underlying pretax profit drops 36 pct to $3 bn
* U.S. bad debts jump as homeowners stop repaying mortgages
* Investment bank profits slump on rates, credit slowdown
* UK regulation may cost $2.5 bn/yr, may be "too high" to stay
* Shares fall 6 percent
HSBC gave its starkest warning to date that new regulations might force it to leave Britain and warned that problems in Europe had hurt growth elsewhere and created a "very challenging" global economy.
London's burning Mk II? What to know more?Tags: None
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