HSBC Holdings Plc Headquarters Crime Scene High Value Location CANARY WHARF = DIE HARD = NAKATOMI TOWER $1,000,000,000 Gibraltar Bahamas City of London Trans-National Crime Syndicate Case
The City of London Bank of England adjacent to the former HSBC Bank Poultry Building Headquarters Crime Scene High Value Location GOLDFINGER $1,000,000,000 Gibraltar Bahamas City of London Crime Syndicate Case
The former Bank of England Governor Lord King has warned that the problems with the British banking system also revolve around the issue of a "bank too big to fail" a critical factor which has not yet been resolved. We allowed a banking system to build up which contained the seeds of its own destruction. The Governor has also addressed the question of "moral hazard" being that a bank behaves different because it is insulated from risk on previous occasions. In 2009 he warned that the governments decision to bail out British banks had "created possibly the biggest moral hazard in history".
Lord King compares the banking culture of short-term profits and bonuses with that of traditional manufacturing industries which he says operate in a more "moral" manner. They care deeply about their workforce about their customers and above all are proud of their products. With the banks there isn't that sense of longer term relationships.
Lord King expressed surprise that there had not been more public anger over spending cuts. He told the Treasury select committee: "The price of this financial crisis is being borne by people who absolutely did not cause it I'm surprised that the degree of public anger here has not been as great as what has been seen in the United States."
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