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OUTSOURCING - After HSBC, StanChart's India outsourcing under US scanner

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posted on Aug, 7 2012 @ 03:32 PM
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Well well well..after all these years someone decided to look into the issue? Just few months before the November 2012 POTUS elections?


On the heels of a probe by the US Senate's Permanent Committee on Investigations pointing out major lapses in the work of HSBC's India staff, another UK-based banking giant Standard Chartered's outsourcing of key banking jobs to Indian shores have come under the scanner in the US.


Your Thoughts/Comments/Viewpoints/Opinions please.




posted on Aug, 7 2012 @ 03:39 PM
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reply to post by hp1229
 


Outsourcing is a natural consequence of globalization.

Notwithstanding, the West is nuts to think in the long run this will be in their best interests. Too bad they so willingly hastened the trend.




posted on Aug, 7 2012 @ 04:09 PM
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Notwithstanding, the West is nuts to think in the long run this will be in their best interests. Too bad they so willingly hastened the trend.

I certainly don't, which is why I'm not banking with HSBC.



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