a lot of talk online about HSBC bank going under this week

Discussion in 'Markets & Economies' started by the optimist, Jan 26, 2014.

  1. the optimist

    the optimist New Member

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    the optimist, Jan 26, 2014
    #1
  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    They're too big to fail.
     
    Clawhammer, Jan 26, 2014
    #2
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    You can't withdraw more than 3000 pounds a day, but it's ok to launder money for drug cartels and terrorist organisations
     
    Caput Lupinum, Jan 26, 2014
    #3
  4. thatguy

    thatguy Active Member

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    Surely you mean tax payers going under this week
     
    thatguy, Jan 26, 2014
    #4
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Caput Lupinum, Jan 26, 2014
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  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    This situation was mentioned a couple of days ago on the forum.

    Whether it's the harbinger to a banking collapse or just a physical cash shortage time will tell.

    I wonder if it could be that despite the large amount of money being digitally created by the banks, it's resulted in a lot of savvy people, because of the Cyprus episode, holding on to cash?

    I know that I try to hang on to a month's cash at all times. Why wouldn't I, I'm of Cypriot heritage? This long weekend, because of the US stocks falling on Friday, with a public holiday today, I'll keep an eye on the overseas markets with the view of withdrawing more cash today if the downward trend continues.
     
    sammysilver, Jan 26, 2014
    #6
  7. clear

    clear Well-Known Member

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    Locally (ANZ) unless you have made arrangements the day before they only allow you to withdraw $ 3,000 cash over the counter.
     
    clear, Jan 27, 2014
    #7
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://uk.finance.yahoo.com/news/hsbc-faces-70bn-capital-hole-133705984.html

     
    JulieW, Jan 27, 2014
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  9. Fjpod

    Fjpod Member

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    Isn't it just possible that HSBC is following government rules on asking questions involving large transactions of CASH? If the person making the withdrawal asked for a bank check for a million dollars, they would not have blinked an eyelash.
     
    Fjpod, Jan 27, 2014
    #9
  10. AngloSaxon

    AngloSaxon Active Member

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    The talk of Basel III reminds me of Bordsilver's pointing out that if Basel I and II were working, then they'd work and that would be the end of it. Forever raising capital from sophisticated investors won't work, they will obviously cotton on and realise HSBC has no clothes.
     
    AngloSaxon, Jan 27, 2014
    #10
  11. willrocks

    willrocks Well-Known Member Silver Stacker

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    I've had trouble withdrawing cash at ANZ. Banks are keeping less and less cash these days. I now see them with kiosks in shopping malls. It's like they're selling an idea rather than providing any monetary service.
     
    willrocks, Jan 27, 2014
    #11
  12. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    HSBC Securities (USA) Inc. is on the Primary Dealer list for US Treasuries.
    To ensure confidence in US Treasuries market depth, the HSBC Group is definitely on the Too Big To Fail list.
     
    Roswell Crash Survivor, Jan 27, 2014
    #12
  13. nonrecourse

    nonrecourse Well-Known Member

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    :lol: :lol: :lol: Welcome to the new banking reality its called a bail in. What do you mean ? you thought after tax dollars you put into your bank account is for your use pfffft? :rolleyes:

    Kind Regards
    non recourse
     
    nonrecourse, Jan 27, 2014
    #13

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