Monday, 30 July 2012

Crime pays in the UK

I like the marketing at this corporation. It is really local: money from death in Mexico and naivity in the UK. The multibillion profits it just announced are barely dented by the settlement charge. The profits are by and large the gift from me and you via the BoE mint presses. Get them coins cheap and sell'em dear.  It's called "get the money flowing to businesses and consumers" in Osbornesque parlance. Well done chaps!

HSBC sets aside $2bn to cover fines -

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