Argentina slapped a 30 million Peso (6 million dollars) fine on a local subsidiary of global banking giant HSBC for failing to report suspicious transactions, authorities here said Sunday. Read full article
What can you expect from Brit bankers and Sirs Lords?????
Do you still pay taxes in UK?
Sure you must be one of this hard working plebs and having not a clue about high finance and not even knowledge on how to structure offshore your investment in UK...
So here billionaires “Brothers Barclays” owners of the “Telegraph Media Group Limited” that includes “the Daily Telegraph” come to your rescue and will teach you in just 3 simple steps how to don’t pay for 17 years any taxes in UK and get away with it.
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Yes and all this free and courtesy of stupid taxpayers in UK.
@1 Brit Bankers!!! Yeah right, this is HSBC Bank Argentina SA (HSBC itself is a global cooperation, not a British one), therefore its Argentine workers and bankers that are responsible for what HSBC Argentina does, you Muppet!
So i fail to see what the hell this has to do with Britain or us British taxpayers - So your posts equals TROLL!!
I suggest you research HSBC Bank Argentina SA to understand things a little better! As you will find it is only a subsidiary of HSBC.
@1 You do know what HSBC stands for, don't you? Or that it's the Argentine subsidiary of HSBC?
So, the not-British subsidiary of the not-British company...
@6 - Really!! So why aren't people and companies doing all their financial trading in BA instead of in London, the worlds section largest financial hub!
You seem to be of the believe that the GLOBAL economic crisis was caused by British Banks, when in reality it was caused by Banks from countries throughout the world and not solely the blame of British Banks.
Here's a test for you. Please provide names of all British Banks that you know off!
Not one bank has failed in Argentina since the global econonic crisis that completely bypassed Argentina. In fact bank deposits continued to grow until 2011, and housing prices have continued to rise.
Argentine banks are far more secure than any in the north, period.
@9 Not one bank has failed in Argentina since the “global” economic crisis that completely bypassed Argentina - Lol selective short term memory i see, 2001 ring any bells!
I also suppose Argentina not repaying debts have any effect on banks either.
As for BOE auctions - lol don't you even know what ECTR is!!!
2001: year before 2002.
2002: year before 2003
2003: year before 2004
2004: year before 2005
2005: year before 2006
2006: year before 2007
2007: year before 2008
2008: year before 2000
Syllogism of the day: if 2001 was before 2002... and 2002 was before 2009 according to the chart above, ergo... 2001 was before 2009.
SINCE 2009 (Global finanacial crisis ex-Argentina, who was spared thankjs to severing links with the banks, IMF, and borrowing from capital markets), no bank in Argentina has failed.
@16 lol if you think Argentina was spared and the global economic crisis avoided Argentina, then your either stupid or deluded. Fact is your seeing the effect of the crisis in Argentina as we speak. i.e. Lower growth, increasing inflation, dollar clamp, import and export restrictions, basically protectionist policies being enforced as a result of the effects the global economic crisis has had!
But hey if you want to believe that having to travel across the border to a neighboring country so you can buy a TV, means the global economic effect has by passed Argentina then be guess!!! lol
Argentinian banks are far from secure! It has had MULTI BILLIONS U$ flee to banks outside of its borders in the last 3 years.
Their reserves consist mainly of Arg Fed Bonds paying a lower interest rate than inflation with a daily devalued peso!
BCRA has had to continually lower the required reserve amounts so they don't have to liquidate because the deposits are depleted.
It is a disaster.
@1 read the fookin report before gobbing off...........HSBC Bank Argentina SA for failing to disclose a three million dollar transaction by a bread bakers' association, in what regulatory officials said was a clear-cut case of money laundering..
Comments
Disclaimer & comment rulesWhat can you expect from Brit bankers and Sirs Lords?????
Dec 17th, 2012 - 11:35 am - Link - Report abuse 0Do you still pay taxes in UK?
Sure you must be one of this hard working plebs and having not a clue about high finance and not even knowledge on how to structure offshore your investment in UK...
So here billionaires “Brothers Barclays” owners of the “Telegraph Media Group Limited” that includes “the Daily Telegraph” come to your rescue and will teach you in just 3 simple steps how to don’t pay for 17 years any taxes in UK and get away with it.
And that is not all!
You get for free in our package “How to Scam Taxpayer in UK and make the plebs feel even more stupid than ever” by CaMoron & Barclays Brothers, a full step by step guide about how in the meantime you can claim checks from UK govt. in compensation for 240 millions until you can reach 1 billion pounds check.
Yes and all this free and courtesy of stupid taxpayers in UK.
Here you have a free trail...
http://www.guardian.co.uk/media/2012/dec/17/barclay-brothers-vat-windfall-bid
Ready to buy your package?
Call Now! free 0800-Sirs&Lords Scam in UK.
This is another successful edition of “Sirs & Lords Scam in UK Ltd” all right reserved.
@1 Brit Bankers!!! Yeah right, this is HSBC Bank Argentina SA (HSBC itself is a global cooperation, not a British one), therefore its Argentine workers and bankers that are responsible for what HSBC Argentina does, you Muppet!
Dec 17th, 2012 - 12:08 pm - Link - Report abuse 0So i fail to see what the hell this has to do with Britain or us British taxpayers - So your posts equals TROLL!!
I suggest you research HSBC Bank Argentina SA to understand things a little better! As you will find it is only a subsidiary of HSBC.
@1 You do know what HSBC stands for, don't you? Or that it's the Argentine subsidiary of HSBC?
Dec 17th, 2012 - 01:59 pm - Link - Report abuse 0So, the not-British subsidiary of the not-British company...
@1
Dec 17th, 2012 - 02:02 pm - Link - Report abuse 0OK, why doesn't Argentina have purely Argentine banks take over and give us an endless supply of laughs?
1 DanyBerger (#)
Dec 17th, 2012 - 02:49 pm - Link - Report abuse 0Dec 17th, 2012 - 11:35 am
You do realize that HSBC is the Hongkong and Shanghai Banking Corporation don't you??????
It's head office is in London, but has over 7.000 offices world wide, it is about as British as dulce de leche!!!!!
@4
Dec 17th, 2012 - 02:56 pm - Link - Report abuse 0To be fair, any banking system is more respected today than the British banking system.
@6 - Really!! So why aren't people and companies doing all their financial trading in BA instead of in London, the worlds section largest financial hub!
Dec 17th, 2012 - 03:28 pm - Link - Report abuse 0You seem to be of the believe that the GLOBAL economic crisis was caused by British Banks, when in reality it was caused by Banks from countries throughout the world and not solely the blame of British Banks.
Here's a test for you. Please provide names of all British Banks that you know off!
@6 You and I both know you're talking nonsense. Your banking system is on it's knees, get over it.
Dec 17th, 2012 - 03:31 pm - Link - Report abuse 0Not one bank has failed in Argentina since the global econonic crisis that completely bypassed Argentina. In fact bank deposits continued to grow until 2011, and housing prices have continued to rise.
Dec 17th, 2012 - 04:08 pm - Link - Report abuse 0Argentine banks are far more secure than any in the north, period.
If they are so secure, why you always borrowing, sorry, trying to borrow money?
Dec 17th, 2012 - 04:34 pm - Link - Report abuse 0YPF, IDB recent points in case.
Why don't you, and this is only a polite suggestion mind, BORROW IT FROM THEM! you would be sure to get better repayment terms.
Let's see, could it be, just possibly be, THEY HAVE NO FUNDS TO LEND!
@10
Dec 17th, 2012 - 04:38 pm - Link - Report abuse 0Why does your government have to open your BOE auctions to non-British banks and investors? I guess your banks don't have FUNDS EITHER.
Losers.
I guess your banks don't have FUNDS EITHER.
Dec 17th, 2012 - 04:39 pm - Link - Report abuse 0That's what I call a cough Guv.
These Argies talk such shit yet most of them can hardly offord to buy toilet paper to wipe there ass
Dec 17th, 2012 - 07:13 pm - Link - Report abuse 0Broken Britain 22 billion in the red and rising... British banks have no funds so off they go to grovel to China.
Dec 17th, 2012 - 08:02 pm - Link - Report abuse 0Like all the other European nations and the United States.
Zhongguo !!!!
@9 Not one bank has failed in Argentina since the “global” economic crisis that completely bypassed Argentina - Lol selective short term memory i see, 2001 ring any bells!
Dec 17th, 2012 - 08:04 pm - Link - Report abuse 0I also suppose Argentina not repaying debts have any effect on banks either.
As for BOE auctions - lol don't you even know what ECTR is!!!
2001: year before 2002.
Dec 17th, 2012 - 08:15 pm - Link - Report abuse 02002: year before 2003
2003: year before 2004
2004: year before 2005
2005: year before 2006
2006: year before 2007
2007: year before 2008
2008: year before 2000
Syllogism of the day: if 2001 was before 2002... and 2002 was before 2009 according to the chart above, ergo... 2001 was before 2009.
SINCE 2009 (Global finanacial crisis ex-Argentina, who was spared thankjs to severing links with the banks, IMF, and borrowing from capital markets), no bank in Argentina has failed.
@16 lol if you think Argentina was spared and the global economic crisis avoided Argentina, then your either stupid or deluded. Fact is your seeing the effect of the crisis in Argentina as we speak. i.e. Lower growth, increasing inflation, dollar clamp, import and export restrictions, basically protectionist policies being enforced as a result of the effects the global economic crisis has had!
Dec 17th, 2012 - 09:22 pm - Link - Report abuse 0But hey if you want to believe that having to travel across the border to a neighboring country so you can buy a TV, means the global economic effect has by passed Argentina then be guess!!! lol
Argentinian banks are far from secure! It has had MULTI BILLIONS U$ flee to banks outside of its borders in the last 3 years.
Dec 17th, 2012 - 11:35 pm - Link - Report abuse 0Their reserves consist mainly of Arg Fed Bonds paying a lower interest rate than inflation with a daily devalued peso!
BCRA has had to continually lower the required reserve amounts so they don't have to liquidate because the deposits are depleted.
It is a disaster.
That's not the fault of the banks, that's the internatinal and domestic milieu.
Dec 17th, 2012 - 11:52 pm - Link - Report abuse 0The banks themselves, the private enterprise, are actually quite conservative and secure.
Banks are not private enterprises lol
Dec 18th, 2012 - 12:15 am - Link - Report abuse 0@ Nostroll
Dec 18th, 2012 - 01:32 am - Link - Report abuse 0We know your solution to economics.
Borrow,default, insist on paying less than borrowed.
That's a bit harsh. They really have their work cut out. Are any transactions in Argentina not suspicious?
Dec 18th, 2012 - 11:13 am - Link - Report abuse 0Only if it's in pessos!
Dec 18th, 2012 - 02:11 pm - Link - Report abuse 0@1 read the fookin report before gobbing off...........HSBC Bank Argentina SA for failing to disclose a three million dollar transaction by a bread bakers' association, in what regulatory officials said was a clear-cut case of money laundering..
Dec 19th, 2012 - 10:16 pm - Link - Report abuse 0Banks are crooks, that much is obvious. But they really shouldn't be penalised for trading with Cuba =)
Dec 24th, 2012 - 06:19 pm - Link - Report abuse 0Commenting for this story is now closed.
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