HSBC to close its US business banking unit to simplify operations
(www.reuters.com)
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The British founded Hong Kong Shanghai Banking Corporation is Shuddering its doors to its small business banking in the US.
City of London is not pleased and being squeezed it seems. I wonder what the rest of you have dug up on this latest move.
Check out the date. Same date as Russia invading Ukraine?
02/22/2022; “Citizens Financial Group Closes Acquisition of HSBC East Coast Branches and National Online Deposit Business”: https://investor.citizensbank.com/about-us/newsroom/latest-news/2022/2022-02-22-133055313.aspx
Note HSBC destroyed Imperial China via Opium Wars. Gave away the drug to get Chinese addicted, then only took silver for the drug after. Drained nearly all silver from China in less than 20 years, and destroyed Chinese sovereignty in the process.
Actually, that was the British Trading Company who did that, but you are thinking correctly of who the modern-day players are.
Is it just coincidence that the acronym for the British Trading Company is the same for Bitcoin today? BTC.
"shuttering"...not "shuddering"
LOL, Yes, but that is only true north of the Mason-Dixon line.
...and yet it was pointed out by someone from below the Mason-Dixon Line. Hmmm..