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China's HSBC buys failed US bank SVB's UK arm for £1

submitted by FuckShitJesus to FinancialNews 1.2 yearsMar 13, 2023 07:58:05 ago (+8/-0)     (news.yahoo.com)

https://news.yahoo.com/hsbc-buys-failed-us-bank-092344231.html

China & Saudi Arabia are fighting over the scraps of the Mortgage (MBS) portfolio.


7 comments block

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[ - ] breh2 3 points 1.2 yearsMar 13, 2023 08:59:02 ago (+3/-0)

That's a hell of a deal for all that personal account information and transaction records

[ - ] FuckShitJesus [op] 3 points 1.2 yearsMar 13, 2023 09:14:32 ago (+3/-0)

Bingo. Biggest data collection on US tech companies & employees and their banking habits that probably exists.

[ - ] Clubberlang 1 point 1.2 yearsMar 13, 2023 11:01:05 ago (+1/-0)

Now if we could just remember those pesky balloons that were in the sky a week ago..................

[ - ] Irelandlost 1 point 1.2 yearsMar 13, 2023 10:34:18 ago (+1/-0)

How do you figure HSBC is Chinese exactly? It’s a British bank, but I believe majority shareholding is in the US these days. The Hong Kong and Shanghai reference in the name is because it was set up in Hong Kong when it was still a British colony.

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 13, 2023 10:45:48 ago (+0/-0)

Found the dude with zero understanding of geopolitics and how every business inside PLC controlled territories functions.

And/or the PLC shill, I guess. Doesn't matter either way.

[ - ] Irelandlost 0 points 1.2 yearsMar 13, 2023 10:54:20 ago (+0/-0)

You’re just wrong. HSBC is not Chinese.

[ - ] Zyklonbeekeeper 0 points 1.2 yearsMar 13, 2023 13:42:56 ago (+0/-0)

The heroin bank