Consulates and the Vatican in chaos as HSBC tells them to find another bank

[lovuian]

More than 40 embassies, consulates and High Commissions have been affected. Even the Vatican has been given its marching orders.





It was blamed for alleged money-laundering activities said to have been conducted through its Latin American operations by drug cartels. HSBC admitted at the time that it had failed to effectively counter money laundering.

http://www.dailymail.co.uk/money/news/article-2384003/Consulates-Vatican-chaos-HSBC-tells-bank.html#ixzz2bA3M6Swa

[jberryhill]

1. Whatever happened to storing up treasure in Heaven?

[lovuian]

4. it really does look that the Vatican

was involved with money laundering

[HiPointDem]

7. and the 40 consulates etc? hsbc was founded to bank opium profits & aid the opium trade, &

continued to be in that traffic well into the modern era.

some would say it never got out of the trade, just changed shape.

[ChairmanAgnostic]

2. About f@@king time.

[blackspade]

3. I guess the Vatican missed the memo about selling more drugs to kids.

HSBC has to keep it's profits up!

[mrdmk]

5. Must have been over a drug deal gone bad! n/t

[HiPointDem]

6. ironic, since hsbc was founded to bank opium profits. and continued to do so at least well into

the 1920s.

personally, i think they've always been a drug bank.