A survey showed the AIG name as one of the most hated brands. Marketing was one of most disliked words, as AIG tried to put a positive spin on parties, bonuses, bailouts and losses. The U.S. Government bailout of AIG angered many. What is HSBC’s relationship to AIG? How much did HSBC receive from AIG?
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Potential regulatory flight and lower taxes may be behind HSBC’s move from London to Hong Kong. This appeared in Business Insider:
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The brother-in-law of New York businessman and prominent Democratic fund-raiser Hassan Nemazee was charged Friday with allegedly helping Mr. Nemazee in a scheme to defraud three banks out of $292 million in loans.
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September 25 — Former HSBC Holdings Plc chief investment manager Neil Ellerbeck strangled his wife to death after discovering she was having affairs with two men, including their son’s tennis coach, prosecutors said.
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A leading Democratic Party fund-raiser pleaded not guilty on Wednesday to charges of defrauding Bank of America, HSBC and Citigroup Inc out of $292 million of loan proceeds.
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