Quote:
Originally Posted by Damien
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.
However I don't think they will win sympathy by complaining of increased regulation, as an outsider it seems desperately needed.
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On the other hand from their point of view it isn't needed - they did a good job of spreading and compartmentalising their risk so that, without the additional regulation, they weren't in strife and remained well funded as a group.
I have to admit being surprised that any bank wants to be based in Europe at the moment which is really not good for us.