Category Archives: HSBC Laundering Scandal

HSBC’s website emphasizes their long-term strategy is sustainability and “HSBC believes long-term success and good corporate behaviour are linked.” In fact, HSBC really failed the stakeholders and governments’ expectations according to the laundering scandal. HSBC violated their promises on “achieving long-term profit … Continue reading →

Since the laundering scandal has been discovered, HSBC cuts 47000 jobs in Europe. Around 35000 employees are layoff in global and try to cut its expenses. Moreover, HSBC tries to cut more employees about 1149 in the wealth management division … Continue reading →

Image source:http://blog.optionsclick.com/2012/07/17/weak-sales-data-adds-pressure-on-fed-reserve/ HSBC agreed to a record $1.92 billion settlement with U.S authorities over charges that it laundered billions of dollars tied to Latin American drug cartel, so called “rogue states,” and foreign terrorist organizations. The U.S Department of Justice … Continue reading →

HSBC was found guilty of engaging in illegal money laundering last year. Concisely conclude, they helped clients bringing funds generated from drug trafficking and suspicious terrorists into the US economy. The aftermath of the scandal has been a painful experience … Continue reading →

HSBC moved huge sum from Mexico into the U.S. between 2007 and 2008 and provided services for Saudi Arabia’s Al Rajhi Bank linked to financing terrorism. Senate investigation suggests that they also moved money tied to Iran. This is another hammer blow … Continue reading →

There are several individuals or organizations responded to the scandal. First of all, it’s the bank itself. HSBC started to response to the scandal by themselves before everyone else. According to “Insight: Brand Health Check-HSBC cleans up after money laundering,” … Continue reading →

HSBC is one of the largest international emerging markets bank and financial services organizations, which has decided to launch concrete strategies to attain “The World’s Local Bank” in the financial industry. Accurately, the financial flows and economic development are the … Continue reading →

According to their main website, it shows that HSBC is already having a competitive long-term strategy. Their strategy is aligned to two long-term trends, which are financial flows and economic development. In their word, “HSBC is one of the few truly international … Continue reading →

Environmental and Industry Analysis What environmental factors influence the operations and competition in this industry? Consider the entire spectrum of political, legal, economic and other factors that shape the structure and nature of this industry. What determines success in this … Continue reading →

Hey Guys! I did some research on HSBC and looked into their 2012 Annual Reports. Here is my take on the MNE profile including their strategies and background info. Post your research to this post so we can then condense … Continue reading →