Summary of Banksters: The Untouchable Bank (Global Finance Scandal Documentary) | Real Stories

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00:00:00 - 01:00:00

The documentary "Banksters: The Untouchable Bank" investigates the role of HSBC in the global finance scandal. The documentary argues that the bank has been complicit in the laundering of drug money, and has been guilty of systematic financial negligence. In 2012, the bank was fined $1.9 billion by the United States government for its role in the crisis.

00:00:00 The documentary "Banksters: The Untouchable Bank" shines a light on the offshore banking practices of HSBC, one of the world's largest banks. The documentary reveals that this bank has been involved in multiple scandals, including one involving terrorist organizations. Despite this, HSBC continues to enjoy impunity and make billions of dollars annually.
00:05:00 The Panama Papers revealed the secret dealings of a law firm specializing in tax evasion, and HSBC was found to be one of the bank's key clients. The success of China being a global power has led to an increase in the number of wealthy Chinese people seeking to invest in the West, and HSBC has played a major role in helping them do so. The bank is also a popular choice for criminals looking to hide their money, and its widespread use has caused concern among financial regulators and investors.
00:10:00 The video discusses the HSBC Bank's role in the global finance scandal, which involves the bank's involvement in offshore banking systems. The video explains that HSBC is a safe haven for money laundering, and that despite this, the bank's activities and clients have not been as heavily affected as other places. Two prominent examples of this are the Chinese residents who have used the bank to launder money and the high school dropout who laundered money using trucks crossing the border from Guangdong.
00:15:00 The history of HSBC is deeply linked to the history of Hong Kong, and the bank and the former Colony were born at the same moment more than 150 years ago. At the time the British crown dreamed of conquering the Chinese market that was closed to westerners, the first settlers chose the fishing port in Hong Kong as the base for their commercial offensive. It was a place known for piracy, known for disease, known for prostitution, and it was a place that you had to be careful about investing back in the UK or England. The British began trading opium destined for the Chinese market, given the success of the drug, and the emperor burns the cargo of the traffickers. London sends in its military Fleet and triggers the Opium War. The Chinese capitulate and the British gained possession of Hong Kong for 99 years. The British were controlling large parts of India where opium was grown and basically the British realized that opium was something that people wanted and they realized that they had a lot of opium to offer right so before opium really took off the balance of trade was in the favor of the Chinese. Once opium becomes such a big product the balance of trade actually goes toward the British side. The opium trade has its golden age and the settlers need a bank, so they create HSBC
00:20:00 The documentary "Banksters: The Untouchable Bank" chronicles the history of HSBC, from its Scottish origins to its role in the global financial crisis. The film alleges that the bank has been complicit in the laundering of drug money, and has been guilty of systematic financial negligence. In 2012, the bank was fined $1.9 billion by the United States government for its role in the crisis.
00:25:00 The video provides an overview of the HSBC global finance scandal, which began with allegations of money laundering by drug cartels. The British government put pressure on the U.S government to avoid heavy penalties against the bank, and the scandal ended with a settlement.
00:30:00 The documentary examines the HSBC banking scandal, in which the bank was fined 2 billion euros (equivalent to one month's profits for an average person) for laundering drug money. The documentary argues that this punishment is excessive given that the bank's officers and directors were not involved in the wrongdoing, and that the fine is paid by shareholders rather than the officers and directors.
00:35:00 HSBC was founded in 1894 in Hong Kong, and as the British Empire began to decline in the Far East, the bank decided to move its headquarters to London while still maintaining a large presence in Hong Kong. However, when China began to open its borders and offer great commercial opportunities, the bank decided to flatter the new masters of Beijing by constructing one of the world's most impressive banks.
00:40:00 In 2007, during the financial crisis, HSBC was faced with a crisis in the UK. To avoid a bank run, the British government proposed lending them money. HSBC turned down the offer, preferring to sell shares to Chinese businessmen instead. The share price has tripled since the transaction.
00:45:00 The documentary highlights the history of HSBC, which has played a major role in globalization over the past several decades. After Stephen Lord became president of HSBC in 2007, he promoted the bank's links to China, which led to a series of beneficial partnerships between the two countries. However, the bank was also subject to scrutiny due to its ties to Saudi Arabia and other problematic countries. In 2013, after the financial crisis, George Osborne promoted Stephen Green to be the UK's Trade and Investment Minister. This move helped HSBC recover from its financial troubles and cemented its relationship with the Chinese government.
00:50:00 This documentary investigates the global finance scandal, which involved HSBC bankers colluding with wealthy individuals and corporations to clean dirty money. The documentary reveals that wealth managers play a key role in this Network, and that they are responsible for attracting customers and repatriating funds to Switzerland.
00:55:00 In this video, various bank scandals are discussed, including the HSBC case in the United Kingdom, the Swiss banking system's involvement in tax evasion, and the French official who was dismissed from his investigation. The article notes that, in each case, the judiciary preferred to negotiate settlements rather than go to court, and that there will be no lawsuit against HSBC or the bankers involved.

01:00:00 - 01:25:00

The documentary "Banksters: The Untouchable Bank" looks at the global financial scandals that have been occurring in recent years. The film discusses how the banksters have taken advantage of loopholes in international borders to gain advantage over governments and the people. The documentary reveals that HSBC has been involved in money laundering and colluding with governments to keep their finances secret. The bank's best friend, British Finance Minister George Osborne, has been instrumental in loosening banking regulations in order to allow Chinese money to flow in and out of the UK more freely. If the Chinese economy collapses, HSBC could become a major player in the crisis.

01:00:00 The documentary investigates the HSBC global finance scandal, which involved the bank's involvement in secret bank accounts to evade taxes. Former Secretary of State for Business, Innovation and Skills, Stephen Green, was responsible for the bank's Swiss branch during the scandal. The documentary also looks at how politics trumped the matter, as Stephen Green was appointed to a government position despite being aware of the scandal. The new boss of HSBC, Stuart Gulliver, will begin the auditions process to find a new CEO for the bank.
01:05:00 The video documentarian discusses the Swiss League scandal, in which a high-ranking HSBC official received bonuses in an account in Switzerland managed by a ghost company based in Panama. The official claimed that he did not want other people at the bank to know how much he earned, and the scandal caused reputational damage. The bank's CEO believes that he is the appropriate person to remain in those circumstances, given that his tax affairs are in order.
01:10:00 The documentary "Banksters: The Untouchable Bank" covers the global finance scandal, which reveals that banks like HSBC have not cleaned up their act after years of claims to the contrary. The British government has turned the page and has other priorities in HSBC, while China wants to set out to conquer the world. If the deal doesn't go ahead, the UK has agreed a deal that nobody else would agree to. This was a political decision to substantiate UK's economic ties with China.
01:15:00 The documentary discusses the history of HSBC and its relationship with China. It reveals that in order to facilitate transactions with China, the bank has helped to pass billions of Euros through its accounts. The documentary also discusses HSBC's involvement in the global finance scandal, which involved the use of illegal methods to raise money. Finally, the documentary discusses HSBC's role in helping to promote China's economy and its efforts to become a superpower.
01:20:00 The documentary "Banksters: The Untouchable Bank" explores the scandal surrounding HSBC, which has been caught laundering money for criminal organizations and colluding with governments to keep their finances secret. The bank's best friend, British Finance Minister George Osborne, has been instrumental in loosening banking regulations in order to allow Chinese money to flow in and out of the UK more freely. If the Chinese economy collapses, HSBC could become a major player in the crisis.
01:25:00 The documentary, Banksters: The Untouchable Bank, looks at the global financial scandals that have been occurring in recent years. The film discusses how the banksters have taken advantage of loopholes in international borders to gain advantage over governments and the people.