HSBC Scam

Story link: HSBC Scam

The details here are slightly vague, but as they say ‘theres no publicity like bad publicity’.
This definitely is not going to do the brand image of the company any good at all.

HSBC Scam

HSBC has emerged as one the largest victims of Bernard Madoff’s alleged fraud with potential exposure of about $1bn to the investment manager’s collapsed venture.
Confirming an earlier report in the Financial Times, the bank said in a statement that it had provided financing to “a small number” of institutional clients who invested in funds with Mr Madoff.