HSBC is threatening to return to Hong Kong where the bank began, given the rise in regulations that is going on. Well of course it would be good, since China will be the number one economy in size and depth by the end of this cycle in 2032.95. The banks are now being prosecuted for manipulating just about everything, and the fines are not cheap.
Armstrong Economics
This post was published at Armstrong Economics on May 7, 2015.
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