HSBC doesn’t want fossil fuels? Okay the board can stop taking medication, using plastic, eating non-organic food, flying, driving, owning a car...
Great idea, but it doesn’t go nearly far enough.
Add all firms practicing ESG.
and don’t just divest state funding from them. Inform them they’d better staff up on internal auditors and lawyers because the state audits of their businesses are going to be absolutely brutal every single year they remain in the state. In fact, its likely they will lose their banking charters in the state.
Get every other red state to do the same. Being run out of 20-25 states will get their attention.
“Add all firms practicing ESG.”
And check the mutual funds you own to see if they have bought into the scam.
Nice to hear Texas standing up to this nonsense.
HSBC was literally started as a drug smuggling bank. The Hong Kong, Shanghai Banking company... started to facilitate the opium trade the British were forcing at gunpoint on China.
Was still involved with the drug cartels up until very recently. They were very big into money laundering and in bed with Sinaloa.
“Lax money laundering controls at HSBC allowed two cartels - one each in Mexico and Colombia - to move $881 million in drug proceeds through the bank over the second half of the last decade, according to prosecutors and federal court documents.
So rampant was the practice, prosecutors said, that on some days drug traffickers deposited hundreds of thousands of dollars at HSBC Mexico accounts. To speed things along, the criminals even designed “specially shaped boxes” that fit the size of teller windows at HSBC branches, according to the documents.”
Then they brought in James Comey. Now they are supposedly clean. lol
HSBC is the entity that bought all SVB assets in the UK for———$1.21 US dollars——1 British POUND.