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reply to post by stargatetravels
Some people did order it and when they went in it was denied.
Also you are telling me they don't have cash in a bank? when I go into mine they have tons in those cash drawers.edit on 25-1-2014 by boymonkey74 because: (no reason given)
Forensic Asia on Tuesday began its coverage of Britain’s largest banking group with a ‘sell’ recommendation, warning the lender had between $63.6bn (£38.7bn) and $92.3bn of “questionable assets” on its balance sheet, ranging from loan loss reserves and accrued interest to deferred tax assets, defined benefit pension schemes and opaque Level 3 assets.
The broker’s note is written by two of its senior analysts, Thomas Monaco (a former senior bank examiner at the Federal Reserve Bank of New York) and Andrew Haskins (previously worked at HSBC for 15 years).
In the report, the analysts apply what they describe as a “moderate stress test” to the balance sheets of HSBC’s major subsidiaries.
Taking the analysis further, the report sets out the impact of incoming Basel III capital rules and says HSBC could be required at a minimum to raise close to $60bn in new capital by 2019 and potentially as much as $111bn.
“In our view, HSBC has not made the necessary adjustments, during the quantitative easing reprieve. Rather, it has allowed legacy problems to linger as new ones in emerging markets gather pace. The result has been extreme earnings overstatement, causing HSBC to become one of the largest practitioners of capital forebearance globally. This charade appears to be ending, given how few earnings levers remain besides selling off core elements of the franchise and the stringencies of Basel III compliance,” wrote Forensic Asia.
The broker adds: “While having stated capital ratios well above peer averages is all well and good, HSBC’s stated capital ratios would appear to be nothing more than a mirage if our analysis is correct.”
if they tried this I would tell them that if they don't give my money back I'm closing my account and then if they still refuse to return it, it is clearly theft and I might be able to get the law involved.edit on 2512014 by monkofmimir because: (no reason given)
Just seen this article.
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.
What the hell? Is it any of their business what we do with our own money? Iam glad I don't bank with them because I would be closing my account down asap If I did.
My bet is that they want your cash in their bank for a little longer so they can make more money out of it.
Quicker we start getting more credit unions in the UK the better.
We should burn every branch down....grrrrr. (not really NSA/FBI/MFI/Bank police just kidding before you break my door down)