26-01-2014, 12:32 AM
http://www.informationclearinghouse.info...e37475.htm
Concerns about an imminent bank crash were further fueled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.
HSBC is scrambling to manage a seemingly terminal liquidity crisis (a lack of hard cash) that could see the bank become the next Northern Rock and trigger a bank crash. The analyst's advice is for shareholders to sell HSBC investments, and customers to move their accounts elsewhere before the crash.
Concerns about an imminent bank crash were further fueled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.
HSBC is scrambling to manage a seemingly terminal liquidity crisis (a lack of hard cash) that could see the bank become the next Northern Rock and trigger a bank crash. The analyst's advice is for shareholders to sell HSBC investments, and customers to move their accounts elsewhere before the crash.