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> HSBC are terrible. In so many ways. As a matter of principle I refuse to make business with that bank (living in Mexico). I cannot think of giving even one p

> HSBC are terrible. In so many ways. As a matter of principle I refuse to make business with that bank (living in Mexico). I cannot think of giving even one peso for a corporation that is actively helping something that hurts my country so much: http://www.foxnews.com/world/2016/02/11/hsbc-knowingly-helped-mexican-cartels-launder-billions-lawsuit-claims.html http://www.foxnews.com/world/2016/02/11/hsbc-knowingly-helpe... At the end, they 'settled' and thus continued with life as usual. Even if my single "grain of sand" is worthless for HSBC, at least I keep my conscience clear.

karambahh 9y ago
I am afraid all major banks have departments involved in shameful business practices such as this very sad example. Let's pick a supposedly "ethical" very small french bank, the "credit cooperatif"'. As their name implies, they offer ethical financial tools, which forbids child labour or any other shameful practices. So apparently if you select that bank you do not support drug cartels money laundering and your money is invested in environment friendly companies. So far, so good. Except they are a subsidiary of banque populaire, a larger but still "somewhat ethical bank"'. Banque Populaire has merged with Caisse d'Epargne. The BPCE group is the main shareholder of investment bank Natixis which has a not so ethical track record and a huge building on the kirchberg plateau in Luxemburg. Let's just say they did not choose that building for the view on the european court of justice which is across the street. And by the way, bpce also own a much smaller "banque des mascaraignes" which is headquartered in Mauritius. I am not exactly convinced they are in the business of supporting Mauritius economic growth. So which is "better", hsbc which was apparently started to deal with opioids between China and the UK and is regularly accused of shameful business practices or a clean small bank which is in fact a front for a large bank with a track record on par with hsbc? I don't have a definitive answer on that ethical question. No sources because I'm on mobile atm but everything can be fact checked through a few google queries. Disclaimer: I have accounts in BPCE and HSBC...

karambahh 9y ago

I am afraid all major banks have departments involved in shameful business practices such as this very sad example. Let's pick a supposedly "ethical" very small french bank, the "credit cooperatif"'. As their name implies, they offer ethical financial tools, which forbids child labour or any other shameful practices. So apparently if you select that bank you do not support drug cartels money laundering and your money is invested in environment friendly companies. So far, so good. Except they are a subsidiary of banque populaire, a larger but still "somewhat ethical bank"'. Banque Populaire has merged with Caisse d'Epargne. The BPCE group is the main shareholder of investment bank Natixis which has a not so ethical track record and a huge building on the kirchberg plateau in Luxemburg. Let's just say they did not choose that building for the view on the european court of justice which is across the street. And by the way, bpce also own a much smaller "banque des mascaraignes" which is headquartered in Mauritius. I am not exactly convinced they are in the business of supporting Mauritius economic growth. So which is "better", hsbc which was apparently started to deal with opioids between China and the UK and is regularly accused of shameful business practices or a clean small bank which is in fact a front for a large bank with a track record on par with hsbc? I don't have a definitive answer on that ethical question. No sources because I'm on mobile atm but everything can be fact checked through a few google queries. Disclaimer: I have accounts in BPCE and HSBC...