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> It's not exactly surprising that a company known for its extensive dealings with corrupt actors is also bad at managing risk. HSBC is just as evil, and is do
by riffraff 4y ago
> It's not exactly surprising that a company known for its extensive dealings with corrupt actors is also bad at managing risk.
HSBC is just as evil, and is doing well enough that they just acquired the UK branch of SVB
https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-...
- HorizonXP 4y agoFTX bought Voyager when they went down. Acquisitions != health
- IG_Semmelweiss 4y agoIts well known that acquisitions are a great way to hide fraud, too. Number of studies on that front. Another (usual) reason is when a company lacks clear avenues for growth so they are looking to buy some growtg