LYING President Joe Biden makes a statement after HSBC buys the UK arm of collapsed Silicon Valley Bank
SEE: https://www.marketwatch.com/story/svbs-u-k-arm-bought-for-1-by-hsbc-after-treasury-and-bank-of-england-lead-negotiations-76781145
British officials worked throughout the weekend to find a buyer for the UK subsidiary of the California-based bank. Its collapse was the second-largest bank failure in history. HSBC’s capture of SVB U.K. came in competition with a Middle Eastern buyer, according to the Financial Times, and bids from British banks OakNorth and the Bank of London.
PLEASE WATCH ON YOUTUBE FOR EVEN MORE CORRUPTION AT HSBC:
If HSBC were a country, it would be the fifth world economic power. Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world. From tax evasion to money laundering for the mafia and manipulation of currency, “this bank had done everything bad that a bank can possibly do.” In 2012, HSBC nearly lost its license to operate in the US for laundering the money of the Mexican and Columbian drug cartels. Criminal charges were filed and HSBC’s executives were hauled before a Senate committee. But George Osborne, UK’s then Chancellor of the Exchequer, wrote to his counterpart in America and to the Chairman of the Federal Reserve to plead for leniency. He claimed that if HSBC received a harsh punishment, it would have serious repercussions on the world’s financial and economic stability. The letter worked and HSBC was fined 2 billion euros. The equivalent of one month’s profits. As the center of international finance moves to Asia, HSBC is in a prime position. It is the most Chinese of Western banks and the most European of Chinese banks. Protected by London, blessed by Beijing, who would dare attack it? This documentary was first released in 2017.
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