Anonymous Letter:
Global Banking & Markets: Rewards for Persistent Failure
We are entirely fed up and demoralized, and have no confidence at all in the existing leadership... Robin Phillips and the existing management team should be immediately shown the door and their bonuses should be clawed back because they have been paid under totally false pretenses... Phillips and his coterie should be replaced by the world-class investment banking professionals which HSBC deserves. - Letter from unnamed, senior HSBC bankers
This letter was sent to HSBC chief executive John Flint, chairman Mark Tucker and the board on August 25, voicing their concerns and what they call their “embarrassment” at how their division is being run.
Do you guys think the whistleblowing performed by the "unnamed bankers" is disrespectful to their organization or is rather an act of justice? Would you ever whistleblow if you felt it was necessary or would you rather switch organizations?
fnlondon released an article explaining the event
Doesn't HSBC literally launder money for terrorists, and drug-kingpins?
deal flow from Chapo Guzman has been off. and the Daniel Ortega/Nicolas Maduro LBO was unfortunately a dog & pony show, CS has the deal all along