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Mar 7, 2007, 10:33 PM

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Re: [song_of_joy] H S B C

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HSBC is many things and in some jurisdictions it is, no doubt, business friendly but the huge international bank HSBC is what it is where it is and what it wants to be. I can tell you this. HSBC Mexico is in existence for the same reason that other such intrenational banks are in business with subsidiaries in Mexico. They bought the BITAL franchise for a song from fools selling franchises they misunderstood and underestimated. HSBC and BBVA and other international banking institutions came into Mexico and bought bags of undervalued stores of wealth from hillbillies and they have since taken the Mexican public to the cleaners. In this poor country they rip off their customers because their customers are not aware of what they should be getting for their pesos.

Am I the only person posting hereabouts who comprehends that Mexican banks are Mexican banks no matter what they are called or who owns them? Hello!

(This post was edited by tonyburton on Mar 8, 2007, 8:00 AM)

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