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HSBC soon to be RBC. This is not very surprising, a lot of this also gets facilitated by the independent mortgage brokers who get ppl through the system with so
by inSenCite 3y ago
HSBC soon to be RBC. This is not very surprising, a lot of this also gets facilitated by the independent mortgage brokers who get ppl through the system with some 'creative coaching'.
- fakedang 3y agoLol no. HSBC has always had a much worse reputation than RBC, or any other bank for that matter. HSBC and Standard Chartered are amongst the worst international offenders when it comes to fraud and money laundering.
- wisemang 3y agoProbably referring to the fact RBC is set to acquire HSBC’s Canadian business.
- fallat 3y agoBrings to question: did RBC know? How did they not know?
- emmanuel_1234 3y agoRBC probably indulges in this as well. HSBC just has way more ties to Hong Kong and China than RBC does.
- deleted 3y ago[deleted]
- peterleiser 3y agoExactly. HSBC was laundering money for Mexican and Colombian drug cartels and fined $1.9 billion by the US government, which is one of the largest penalties ever imposed on a bank for breaking U.S. law. Deutsche Bank fires pretty high on the fraud meter as well.