5 posts tagged with hsbc.
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I told them all at the very first meeting it was illegal

An estimated billion pounds worth of HSBC fraud in Britain. According to whistleblower Nicholas Wilson, HSBC has been involved in a fraudulent scheme to illegally overcharge British shoppers in arrears for debt on store cards at leading British high-street retailers.
The credit agreements did not allow consumers to be charged debt collection fees. The chain of lenders involved in HSBC's debt recovery includes retailers up and down the UK, but most often those in the poorest areas. Wilson estimates that as many as 600,000 people have been defrauded, mostly those on a low-income.
This fraud has (allegedly) been systematically covered-up by regulators, police, law firms, the government and much of the UK media. The full list of media organisations that have investigated, then spiked, Wilson’s story, despite its unprecedented importance and public interest value, includes BBC Panorama, BBC Newsnight, BBC Moneybox, BBC Radio 5 Live, The Telegraph, The Guardian, Private Eye, and The Sunday Times.
posted by Lanark on Mar 22, 2015 - 22 comments

A form of fraud on the readers

Why I have resigned from the Telegraph; an open letter by Peter Oborne, until now the chief political commentator of the Daily Telegraph, alleging that the conservative-leaning British broadsheet has allowed advertisers to veto its editorial policy, a process which culminated in the suppression of stories about the recent tax avoidance scandal involving the HSBC bank, itself a major Telegraph advertiser.
posted by acb on Feb 17, 2015 - 42 comments

HSBC Settlement

The US Justice Department has settled with the banking giant HSBC for $1.92 billion dollars for money-laundering. Here are Matt Taibbi's and Glenn Greenwald's takes on it
posted by Cloud King on Dec 13, 2012 - 111 comments

We're in your home and in your car

10 Rather Astonishing Corporate Theme Songs (the Fujitsu one is a particular delight). And the pharmaceutical version. [more inside]
posted by mippy on Jul 26, 2012 - 25 comments

The Economist: The World in 2010

In 2010, Obama will have a miserable year, NATO may lose in Afghanistan, the UK gets a regime change, China needs to chill, India's factories will overtake its farms, Europe risks becoming an irrelevant museum, the stimulus will need an exit strategy, the G20 will see a challenge from the "G2", African football will unite Korea, conflict over natural resources will grow, Sarkozy will be unloved and unrivalled, the kids will come together to solve the world's problems (because their elders are unable), technology will grow ever more ubiquitous, we'll all charge our phones via USB, MBAs will be uncool, the Space Shuttle will be put to rest, and Somalia will be the worst country in the world. And so the Tens begin.

The Economist: The World in 2010. [more inside]
posted by goodnewsfortheinsane on Nov 14, 2009 - 60 comments

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