Quote:
Originally Posted by Ignitionnet
http://www.telegraph.co.uk/finance/n...Hong-Kong.html
HSBC didn't take funding from the tax payer but are being driven away by increased regulation in terms of capital requirements and taxation.
Prize to the first person to say 'Good riddance.' without thinking it through. 
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Never been a fan of tarring the entire sector with the same brush, HSBC didn't take public money and seems to have been a much better run bank that it's rivals. I bank with them and, to the extent you can be pleased with a bank, I am pleased with them. Always good service.
However I don't think they will win sympathy by complaining of increased regulation, as an outsider it seems desperately needed. My parents work with people with physical disabilities and people with learning difficulties. They are seeing their co-workers being laid off and the services, especially for the latter, being dramatically scaled back to the extent that only 'level 1' priorities can be catered for and even then some services reduced. I don't think banks are the victims of the governments measures, especially how meek those measures targeted towards banks are.