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HSBC Customers Impacted By "Worldwide Meltdown" Of All Retail Services

Tyler Durden's picture





 

Did HSBC not get the memo: the collusive attempt to pass debit card fees has failed. We jest of course, but in the footsteps of Bank of America which experienced a mini online bank run some weeks ago, this would at least explain what the Mail Online has dubbed a "worldwide meltdown" in which online banking, ATMs and debit cards appear have been blocked, and no customer access is available. From the British publication: "Thousands of HSBC customers faced the ultimate embarrassment of  having their cards declined this afternoon as the bank suffered a 'worldwide meltdown'. Fourty seven countries have potentially been affected in the world's second largest bank. Cards were rejected at tills, cash machines read that withdrawal limits for today had been reached, and the card enquiries phoneline was also down. Unsurprisingly there was pandemonium in HSBC branches up and down the country as people rushed to find out why their cards had rejected." Sure enough, a few hours after this started we get this: "HSBC SAYS AWARE OF `SOME PROBLEMS' ON ITS BANKING NETWORKS" Supposedly what is a "worldwide meltdown" to some is "some problems" to others. Perhaps the bank's ad execs can use that theme for its next Hegelian ad.

More:

While HSBC were unavailable for comment, the HSBC Online Tweeted that they ‘were aware of the problem and working hard to resolve it.’

 

In the banks, tellers seemed none the wiser.

 

At 2.55pm one HSBC worker in the Kensington High Street branch in London said that the whole system was down and had been for 20 minutes.

 

She suggested that it might take another 20 minutes to get the system up and running. But it seemed clear that the bank did not know what the problem was or how to solve it.

 

'I expect the lights to go out next,' she remarked.

Consider it a dress rehearsal.

 


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Fri, 11/04/2011 - 12:13 | Link to Comment CPL
CPL's picture

Operation Scarlett Letter.

 

Ta Da!

Fri, 11/04/2011 - 12:26 | Link to Comment JPM Hater001
JPM Hater001's picture

All together now...

Drop Trow

Bend over

...And let the run begun....

Fri, 11/04/2011 - 12:35 | Link to Comment nope-1004
nope-1004's picture

Graduate from school, have debts.

Buy a car, submit to payments.

Buy a house, concede to serfdom.

Work your ass off, put money away.

Rates rise, payments onerous, wages flat.

OOPS.  Can't get money from bank.  Banks or state govenor STOLE it.

Ain't life grand?  Gotta love capitalism.

 

Fri, 11/04/2011 - 12:40 | Link to Comment IrritableBowels
IrritableBowels's picture

"capitalism"

fixed it for you.

Fri, 11/04/2011 - 12:41 | Link to Comment forexskin
forexskin's picture

Rates rise, payments onerous, wages flat.

OOPS.  Can't get money from bank.  Banks or state govenor STOLE it.

Ain't life grand?  Gotta love capitalism.

UMMMM, I think we've agreed to call it something else, like kleptocracy, cause capitalism it ain't.

Fri, 11/04/2011 - 12:50 | Link to Comment Careless Whisper
Careless Whisper's picture

Prolly caused by the rumor that MFCEO J. Corzine was being interviewed by HSBC.

Fri, 11/04/2011 - 13:03 | Link to Comment JPM Hater001
JPM Hater001's picture

As with all good sheeple my family has asked that I stop sending gloom and doom...but does this event merit breaking the silence?  I have the email written telling them to withdraw cash before the weekend but I would hate to over-react and waste the one shot I have at them listening...

 

BTW... dont forget this chart from earlier this week.

<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Screen%20shot%202011-11-04%20at%207.13.44%20AM.png">

Fri, 11/04/2011 - 13:49 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

JPM Hater, most people are just not ready for the truth. Be light on them.

Fri, 11/04/2011 - 14:29 | Link to Comment Careless Whisper
Careless Whisper's picture

alot of us have that problem with sheeple. i'm at the point where, if they don't want suggestions, fuk 'em, they'll learn the hard way. they get what they deserve.

Fri, 11/04/2011 - 15:06 | Link to Comment Oh regional Indian
Oh regional Indian's picture

HSBC is the opium bank. The bankers bank. The Bank of banks.

Of course the test would be on it. Even customer reaction, like they had sought when a major bank in Oz had trouble last year.

As Hephasteus said, something just does not smell right.

ORI

war-memes-me-iran-israel-uk-us-social-engineering-planted-stories/

 

The HSBC Story

Fri, 11/04/2011 - 15:43 | Link to Comment Hephasteus
Hephasteus's picture

Oh wow. I forgot all about that.

Looks like the cleaner crew might be getting a scope dial in.

It's just not a good day to be a bad guy.

Fri, 11/04/2011 - 15:07 | Link to Comment Smiddywesson
Smiddywesson's picture

From the fact that you are here, and from your question, you are obviously not like other people.  Therefore, you will not always be appreciated, especially on that topic, and sometimes even resented.

After saying they don't care, stop.  If you persuade them to go to cash, they will blame you for every point the market makes REGARDLESS OF THE RISK.  They recognize gambling when someone puts all their savings on a roulette table, but they ignore all risk when Uncle Albert makes 10% in October in SPY.  If they miss out where Uncle Albert (by complete luck) made money, they will blame you, and only you.

Better to send them an "I told you so" later, and then completely humuliate them when they inevitably ask you for money after the collapse. 

All those grumpy old penny pinching stereotypes in the black and white movies were, in real life, based on guys like you and me.  During the 1920s, they were young men and women, and they saw the crash coming and didn't join the roulette table.  For this, they were humiliated by all the "smart" people who were, in reality, just lucky gamblers.  Society hated them because they were right, and their spendthrift coworkers and family resented them for it rather than blame themselves for their own folly.

Be patient and make them all crawl.  Better yet, make them dance like puppets on a string and then leave all your money to your cat.

Fri, 11/04/2011 - 13:37 | Link to Comment FeralSerf
FeralSerf's picture

"Kleptoism" pretty well describes the process.  "Theft" is too crude.

Fri, 11/04/2011 - 12:42 | Link to Comment Comay Mierda
Comay Mierda's picture

prelude to BANK HOLIDAYS BITCHEZ

Fri, 11/04/2011 - 15:15 | Link to Comment Smiddywesson
Smiddywesson's picture

Yes, did we see anything like the following last year?

  • MF loses $650 million in client accounts, then JPM finds it, then it's lost again
  • JEFF in trouble, JEFF not in trouble, oops JEFF in trouble again
  • BAC shuts down its web site and everybody runs for the door
  • HSBC bank run
  • Markets driven by EU rumors of rumors
  • Banksters and Finance Ministers leaving office to spend more time with their families

The only thing I can think of in 2010 that was as crazy as all this is the DSK scandal.  They are running out of room to manuever and the hijinks and volatility smell of desperation.  This is accelerating towards the crash point.

Fri, 11/04/2011 - 12:52 | Link to Comment trav7777
trav7777's picture

specious conclusion.  You didn't describe capitalism

Fri, 11/04/2011 - 13:47 | Link to Comment theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

"Don't try"

Charles Bukowski

Fri, 11/04/2011 - 13:24 | Link to Comment quintago
quintago's picture

remember, remember, the fifth of november

Fri, 11/04/2011 - 12:36 | Link to Comment redpill
redpill's picture

TBTF bank managers hate it when you go in and order large cashiers checks to yourself because they know they'll never see it again.  It's so much fun.

The run is on, bitches.

Fri, 11/04/2011 - 12:47 | Link to Comment fyrebird
fyrebird's picture

Nice.

Fri, 11/04/2011 - 12:59 | Link to Comment lairdwd
lairdwd's picture

Sounds like a possible hacker security breach. Next time, they should just pay them the $$$ and fix the problem

Fri, 11/04/2011 - 14:02 | Link to Comment Gadfly
Gadfly's picture

The run on the big banks has begun.

Fri, 11/04/2011 - 12:13 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Got physical?  Oh you don't?  NO SOUP FOR YOU!

Fri, 11/04/2011 - 12:48 | Link to Comment Josh Randall
Josh Randall's picture

Gainesville Coins is down too for "maintenance" http://www.gainesvillecoins.com/

Coincidence ?

Fri, 11/04/2011 - 12:55 | Link to Comment Careless Whisper
Careless Whisper's picture

hsbc + gainseville = two sites down. so yes, twice is coincidence. three times is enemy action.

 

Fri, 11/04/2011 - 21:22 | Link to Comment Mr. Mandelbrot
Mr. Mandelbrot's picture

My brother in law recently bought 7 gold buffalo ounces from Gainesville Coins at a spot price of $1610 and just received them yesterday (November 3rd).  Do the math.  Even the largest and best dealers are running two weeks plus behind . . .

Fri, 11/04/2011 - 12:14 | Link to Comment qussl3
qussl3's picture

Skynet is online.

Fri, 11/04/2011 - 12:18 | Link to Comment CPL
CPL's picture

Yes it is.

 

Testing the new toys is working nicely.  Whoever is in the market overseas right now better understand the order they placed in margin is now locked tighter than a virgins puss until the system comes back up.

 

I think a month should suffice.

 

Anycase, dumb government shits shouldn't have asked for a spec on the internet kill switch and HSBC shouldn't have moved to IPv6 is all I'm going to say on that subject.

Fri, 11/04/2011 - 12:34 | Link to Comment Colonel
Colonel's picture

Nationwide conditioning er, um... "Emergency" Alert System Test - November 9th brought to you by FEMA.

Fri, 11/04/2011 - 13:54 | Link to Comment CPL
CPL's picture

That because of the massive Meteorite the tinhats are screaming about destroying a continent.

 

http://neo.jpl.nasa.gov/news/news171.html

 

It might miss us by a couple of hundred or thousands of miles.  I've heard about fifty different projections on the NASA boards. 

Meh, if it hits, not like it would have mattered anyways.  Pretty sure somehow it would be considered Bullish.

Fri, 11/04/2011 - 15:19 | Link to Comment Smiddywesson
Smiddywesson's picture

Had to end somehow...

Fri, 11/04/2011 - 12:35 | Link to Comment unununium
unununium's picture

Fascinating.

Fri, 11/04/2011 - 12:54 | Link to Comment knukles
knukles's picture

Spock?  Spock?  Spock, answer me!  Spock!

 

 

Bzzzzzzzzzzzzt

(sizzling sound, puff of smoke, ashes)

Fri, 11/04/2011 - 13:09 | Link to Comment James T. Kirk
James T. Kirk's picture

I'm sorry, all circuts are busy right now.

Fri, 11/04/2011 - 13:30 | Link to Comment knukles
knukles's picture

Goddamnit Spock!  Beam Me Up with the Teleprompter. Now! 

But Captian, We Cannesnot Got Enuf Pouuuer! 

Fri, 11/04/2011 - 14:00 | Link to Comment Use of Weapons
Use of Weapons's picture

Arrr.

 

Safe sailing.

Fri, 11/04/2011 - 13:08 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"Skynet is online."

 

NO, it has been online for quite a while, NOW it is becoming self aware.  It won't take long to recognize all human activity as a threat.

Fri, 11/04/2011 - 12:15 | Link to Comment prains
prains's picture

Somebody phone RIM for the passsword to the fix

Fri, 11/04/2011 - 12:16 | Link to Comment bill1102inf
bill1102inf's picture

If you can't see the dominos beginning to fall.......  OPEN YOUR EYES!

Fri, 11/04/2011 - 12:19 | Link to Comment mfoste1
mfoste1's picture

but obama just said the recovery is continuing? =(

Fri, 11/04/2011 - 21:28 | Link to Comment Mr. Mandelbrot
Mr. Mandelbrot's picture

Our home was destroyed by the 4/27 Alabama tornado outbreak.  We have around $200K sitting in a savings account becuase we've been fighting the evil insurance comapany (State Farm) and are yet to reach a settlement where we can begin rebuilding.  Nevertheless, my wife and I had a talk tonight and we're withdrawing the settlement money we've received so far in cash tomorrow (if we can find enough Regions branches with cash on hand).  I love the idea of reducing banks' loan capacity on "move your money Saturday" . . . 

Fri, 11/04/2011 - 12:17 | Link to Comment Iwanttoknow
Iwanttoknow's picture

Is HSBC pulling a BOA?

Fri, 11/04/2011 - 12:22 | Link to Comment CPL
CPL's picture

No they followed government regulations on IPv6 guidelines.

 

So it's really all about the LuLz.

Fri, 11/04/2011 - 12:23 | Link to Comment Hephasteus
Hephasteus's picture

IP6. It's going to planet of the apes buttfuck linux which all their servers work on.

Fri, 11/04/2011 - 12:24 | Link to Comment fonestar
fonestar's picture

Not sure the problem is with ipv6 per se.  Maybe 6to4 tunnels or their routing?

Fri, 11/04/2011 - 12:36 | Link to Comment CPL
CPL's picture

IPv6 is leass about routing than it is about control.  The internet kill switch requires it.  only assholes that jumped on board are the banks and the piss poor excuses they have for CIO's (over-rated position for the most part).

 

It offers the same strengths as IPv4 with SNMPv2 with more addresses obviously, but it also comes with the huge holes forced by lawyers into a technical specification.

 

So fuck them, fuck them right in the ear.

 

Wanna kick over a bank?  Don't kick over their routers, kick over the load balancers and appliances managing the caching and transactions.

 

If they reboot, the entire system loses billions, longer they wait, the more is lost into the HSBC black hole.

Fri, 11/04/2011 - 13:32 | Link to Comment Hephasteus
Hephasteus's picture

This is right up there with the airforce forcing ROHS compliance on all the satelite and plane electronics and then having everything fuck up with tin whiskers growing out of every goddamn thing.

And I was just dicking with one of my linux installs and messing with IPV6 and i finally get the damn process to unload and it shows it's not there and I go to wireshark and everything on the damn route is advertising ipv6 crap like a whore.

And then a few days ago stupid governments and banks down a bunch of networks and I get this really creepy feeling like someone is about to get pedobeared.

http://www.linuxfoundation.org/about/board-members

Frank Fazilli just fucked linux up like a BOSS. So glad Credit Suisse isn't just confined to fucking up france.

Fri, 11/04/2011 - 13:48 | Link to Comment CPL
CPL's picture

V&ed and C&ed.

 

I know, I've given up on all debian and RetHat builds now.  The amount of noise generated by all the "awesome" cloud services is just shameful.

 

Only one distro platform left that hasn't got the "taint" is puppy linux and the variants from it.

 

Not even going to go into the Windows universe.  XP you can still cripple enough to run silent, Windows 7.  Forget it.

By far though, Apple users have been friendly adopters of giving up their...well...everything for twelve years.  Only platform that the EULA notes taht if you made it on an Apple product that it's owned by Apple by proxy.  You can always tell who the Apple pirates are.  Any time they rip a movie there is always 400 megs more overhead from a DVD rip. 

Fri, 11/04/2011 - 13:59 | Link to Comment seek
seek's picture

Slackware. Once you're over the learning curve, there's nothing you can't do.

Fri, 11/04/2011 - 15:05 | Link to Comment vato poco
vato poco's picture

Oh *super*. Geektalk. Possibly the only thing on Earth that makes the Kardashian scumbuckets saga worth talkin' 'bout. ("DAMN, that girl got a big ass. You know, the one that think she a princess or somethin'. Donchu think so?") OTOH, my flux capacitor keeps locking up at 1.26C. I've tried a level 3 diagnostic, and even ejecting the warp core, but still.....nothing. Any ideas?

Fri, 11/04/2011 - 15:03 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Hephasteus remarked:

And I was just dicking with one of my linux installs and messing with IPV6 and i finally get the damn process to unload and it shows it's not there and I go to wireshark and everything on the damn route is advertising ipv6 crap like a whore.

IPv6 enabled by default just pisses me off, and what really burns my ass is that 'rmmod ipv6' just whines about the module being in use and does nothing, even when you unload other modules that are using it.

I have a bash script that I use to finish up new installations, just to make sure that I don't forget anything, and one of the essential lines is:

echo blacklist ipv6 >> /etc/modprobe.d/blacklist

I just can't see any compelling reason to be running it, especially considering that the security toolset is nowhere near as mature as that for IPv4.

 

Fri, 11/04/2011 - 15:37 | Link to Comment Hephasteus
Hephasteus's picture

Oh no worries. Once they jail the pc and load all the networking crap in UEFI firmware you'll be in apple-intel efi license manager hell. Cruising the net for a bios hack replacement just so your damn machine will work while someone tries to help you from a dark fucking closet with no idea what is going on because it's all top secret national security voodoo bullshit.

 

Fri, 11/04/2011 - 12:37 | Link to Comment nope-1004
nope-1004's picture

Maybe a little murkey in the right axle valve.  Gotta really suck it, streamline it.

 

Fri, 11/04/2011 - 14:18 | Link to Comment Tree of Liberty
Tree of Liberty's picture

"Oh c'mon guys, it's so simple, maybe you need a refresher course. It's all ball bearings these days."

 

http://www.hark.com/clips/hqppzmwfqt-its-all-ball-bearings-these-days

 

 

 

 

Fri, 11/04/2011 - 12:17 | Link to Comment bill1102inf
bill1102inf's picture

LIGHTS OUT BITCHEZ!!

Fri, 11/04/2011 - 12:38 | Link to Comment tickhound
tickhound's picture

guerilla radio... zh on your am dial?  Start preppin' tyler(s)

Fri, 11/04/2011 - 12:45 | Link to Comment CPL
CPL's picture

You can pick up HAM radio modems.

 

Only go 9600 baud thought, but it was enough back in the days of BBSes using FIDONet and packet tosses.

Fri, 11/04/2011 - 12:57 | Link to Comment tickhound
tickhound's picture

Seriously though... zh should consider going talk radio. 

Fri, 11/04/2011 - 13:20 | Link to Comment CPL
CPL's picture

There is squawk talk.  They do something similar.

Fri, 11/04/2011 - 14:00 | Link to Comment seek
seek's picture

It's all done with sound cards these days, no modem required. ( fldigi is free. )

Fri, 11/04/2011 - 16:47 | Link to Comment CPL
CPL's picture

That is really cool.  Thank you for sharing that.  Something to screw about with tonight.

Fri, 11/04/2011 - 12:18 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

zH was down for a short time too...

here's ralphie-boy nader's last 2:

  1. The Road to the 2012 Presidential Debates 
  2. The Speculator Tax
Fri, 11/04/2011 - 12:18 | Link to Comment AngryGerman
AngryGerman's picture

buahahaha, there private wealth clients will have enjoyed this!!

Fri, 11/04/2011 - 12:19 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

ALWAYS.....make sure you have a few months (mininum) cash around somewhere OUTSIDE a bank,and a few ounces of Gold and Silver will do wonders too.

Fri, 11/04/2011 - 12:19 | Link to Comment ShankyS
ShankyS's picture

Shit - meet fan - hello fan!

Fri, 11/04/2011 - 12:22 | Link to Comment Hephasteus
Hephasteus's picture

The networks all responding the central database being broke is not a networking problem

I've been glued and antsy as all get out for the last 2 hours. I'm sniffing something big but don't know what it is. Be it financial or natural disaster.

I hope it's just some kind of sick wishful thinking but I don't think so.

Turkey put a world bank fucktard in their central bank.

China had a mine collapse with 4 dead and 7 rescued and 50 trapped.

But whatever the hell it is I can't find it.

Fri, 11/04/2011 - 12:23 | Link to Comment CPL
CPL's picture

For the LulZ!!

Fri, 11/04/2011 - 12:33 | Link to Comment s2man
s2man's picture

A database down? Too simple. There's got to be redundancy on that. Even geo-redundancy, if they're smart.  Smells like hacking to me...

Fri, 11/04/2011 - 12:43 | Link to Comment Janice
Janice's picture

I've had the same uneasy feeling.....like it's just too quiet.

Fri, 11/04/2011 - 13:28 | Link to Comment CPL
Fri, 11/04/2011 - 15:37 | Link to Comment Smiddywesson
Smiddywesson's picture

I've been glued and antsy as all get out for the last 2 hours. I'm sniffing something big but don't know what it is. Be it financial or natural disaster.

I can respect that.  Aside from the fringe end of the world groups that have always existed, and I will assume none of us are one of those (a very big assumption) we are still herd animals and are influenced by what we know.  Multiply that by almost 7 billion people, and yeah, I have to agree that with so much wackiness in the world's financial system, there is something in the air.  It's not superstition.  It's just that money affects everything, the world's money system is on the verge of dying, so everything else is wacky too.  At least you have an explaination for it.  Most of my friends are too busy blaming the other political parties to understand what is really going on.

Fri, 11/04/2011 - 12:20 | Link to Comment LongBalls
LongBalls's picture

Keep only the cash you need to cycle your bills at the bank. For crying out loud.... You would think people have figured out that the damn scrawny interest rate is not worth the risk.

Cash baby.....cash. Oh, and some damn gold because the jingle is god's music!

Fri, 11/04/2011 - 12:20 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Ladies and gentlemen, we regret to inform you that you will not be informed of the informal bank holiday that is currently taking place today at HSBC on a global level.

Thank you for your continued slumber while the world's financial system crashes and burns in plain view.

Sincerely,

Your fascist overlords

Fri, 11/04/2011 - 15:39 | Link to Comment Smiddywesson
Smiddywesson's picture

Being that HSBC is the biggest holder of gold shorts, how is this likely to affect the price of gold?

Fri, 11/04/2011 - 12:20 | Link to Comment bernorange
bernorange's picture

I've got a bad feeling about this. /Star Wars

Seriously, it's past time to pull out my remaining cash.  Way too much risk right now.

www.pmbug.com

Fri, 11/04/2011 - 13:02 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Anyone interested in gold should check out his site.  I have had bad feelings about all of this since Jimmy Carter, so don't look to the Bearing for help in timing trades...

At least two observers above have said that each of us should have a few MONTHS of genuine FRN CASH as well as PMs.  That is 100% correct, especially if more of these, uh, "issues" like what is going on with HSBC keep happening...

Fri, 11/04/2011 - 13:49 | Link to Comment sullymandias
sullymandias's picture

most people dont even have a few months spending cash in the bank

Fri, 11/04/2011 - 14:20 | Link to Comment DCFusor
DCFusor's picture

DoChen, several religions believe one should have a years worth of *everything* you need stockpiled, as it limits other's power over you, and the nature of any disaster isn't predictable enough to be sure just one thing (say, FRNs, PMs, food) will do it.  Since by definition, any such thing is a black swan, it just pays to be ready.  Along with the money (which only handles cases where you can buy what you need - a bad assumption sometimes, even mere hurricaines can get that one)...

6 months food on a pallet in the basement - always fresh, rotated through the normal pantry.  3 years worth of extra propane to cook with.

Gasoline to run the 2 working backup generators for when the solar system isn't putting out - 150 gallons.  Spare parts for generators.

Year's worth of firewood.  And tools to get more (own a woodlot)

Emergency medical supplies and meds.

3 running vehicles (not counting tractor and 4 wheeler)

Guns - who's counting? - and 10k rounds ammo (at least)

Garden.  Seeds.  Stored electronics parts and tools (I used to be a technician).

Machine shop to make things I can't get.

Wood shop, ditto.

And I don't even go for any of those religions (Zen for me).  Living in the boonies, one just tends to be ready or the first serious snowstorm is an emergency all by itself - it can be two weeks before you can get out other than on foot.  It's all you city dwellers that ruin the collective readiness of the country.

Fri, 11/04/2011 - 14:57 | Link to Comment QuietCorday
QuietCorday's picture

Humm .... I seem to remember HSBC has a lot of exposure to Greek debt. Amongst British banks, isn't their Greek exposure the highest?

Fri, 11/04/2011 - 12:21 | Link to Comment SWRichmond
SWRichmond's picture

Problems on bank networks?  who'dathunkit?

Fri, 11/04/2011 - 12:24 | Link to Comment Taint Boil
Taint Boil's picture

Deer in the heads lights 3, 2, 1 ....... [Beeeeeeeep]

Fri, 11/04/2011 - 12:24 | Link to Comment curbyourrisk
curbyourrisk's picture

Maybe John Corzine raided the tilll over there to make up for everything he stole overe here.

Fri, 11/04/2011 - 12:24 | Link to Comment Mister Minsk
Mister Minsk's picture

Diminishing returns on technology...

Fri, 11/04/2011 - 12:25 | Link to Comment bill1102inf
bill1102inf's picture

12:22:31 D-11842015 SOLD -27,000 HBC @43.27 

 

Why not?

Fri, 11/04/2011 - 12:25 | Link to Comment economessed
economessed's picture

The digital money pendulum must have swung hard into the zero's today.

Fri, 11/04/2011 - 12:26 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Oh dear, that ain't cool...

Fri, 11/04/2011 - 12:26 | Link to Comment Quintus
Quintus's picture

Interesting thing - Harvey Organ reported on his blog some days ago that a banking contact of his had mentioned that there was a 'Behind the scenes' bank run going on at HSBC.

Probably no connection between that and today's events, but coincidences are maybe not always coincidences.

Fri, 11/04/2011 - 12:42 | Link to Comment bernorange
bernorange's picture

I remember that.  I even made a point to ask him if he really meant HSBC (as BAC was the bank in the news at the time).  Thanks for reminding me.

Fri, 11/04/2011 - 12:27 | Link to Comment rambler6421
rambler6421's picture

So how is their silver short position now?

Fri, 11/04/2011 - 12:27 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Just used atm card for debit transaction, checked acct. online, all is "well".  Aye to LB, "only the cash to cycle the bills".

Fri, 11/04/2011 - 12:28 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

I'm in NYC, btw.

Fri, 11/04/2011 - 12:32 | Link to Comment virgilcaine
virgilcaine's picture

They sold all of their NY branches wout telling their customers.. My brother.. a sheeple found out the hard way.. He's a believer in the system.  Not even a clue to whats going on.

Fri, 11/04/2011 - 12:35 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

NY State was where the branches were sold off.  They are actually opening new branches in NYC, even in the outer boroughs in the old immigrant/industrial neighborhoods that you would not expect to see HSBC branches in.  This coincides with an announcement to move away from retail towards business banking and services.

Fri, 11/04/2011 - 12:31 | Link to Comment AgShaman
AgShaman's picture

Don't mind the Det Cord....and Mr Squirrel molded in clay.

It's just a little 'Test Run' of the upcoming emergency worldwide Banking Holiday

It's no big deal

Fri, 11/04/2011 - 12:33 | Link to Comment edmondantes
edmondantes's picture

HSBC ads are chilling New World Order propaganda...

Fri, 11/04/2011 - 12:38 | Link to Comment bill1102inf
bill1102inf's picture

Remember Remember the 5th of November....

Fri, 11/04/2011 - 12:40 | Link to Comment carbonmutant
carbonmutant's picture

BND Bitchez...

http://banknd.nd.gov/

Fri, 11/04/2011 - 12:45 | Link to Comment Sudden Debt
Sudden Debt's picture

No need to close down and transfer your account sir!
You're money was safe with us!

Was?

Is of course... Now i'm sorry I can't be of further assistance to you because we're closing early today... Forever...

This shows everybody should not only have pm's but also cash for at least 3 months!
You don't want to be forced to give away your pm's because of lack of some cash when the banks go down in the first cycle!

Fri, 11/04/2011 - 15:42 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Sudden Debt noted the following:

No need to close down and transfer your account sir!
You're money was safe with us!

Was?

Yes, and now it is safe with someone else.

 

Fri, 11/04/2011 - 12:51 | Link to Comment JLee2027
JLee2027's picture

Bank run on HSBC was rumored last week.

Fri, 11/04/2011 - 13:39 | Link to Comment Sudden Debt
Sudden Debt's picture

I thought it was BNP, but the year isn't over yet : )

Time to get all tye cash out before the rest tries to

Fri, 11/04/2011 - 13:49 | Link to Comment CPL
CPL's picture

I thought it was BNP/Credit Swiss as well.

Fri, 11/04/2011 - 13:19 | Link to Comment TuesdayBen
TuesdayBen's picture

HSBC

 

Ha ha!

Sowry,

Bank

Crosed!

Ha ha, ha ha!

Fri, 11/04/2011 - 13:21 | Link to Comment CoolBeans
CoolBeans's picture

The timing of whatever this is couldn't be worse for this slime bank and all the other banks out there -- with November 5th's "Pull out your funds from the bank" day around the corner  -  I suspect a gaggle of folks are on the way to their banks right now!

...and...it's gone.

Fri, 11/04/2011 - 13:30 | Link to Comment jcaz
jcaz's picture

LOL- brilliant to do that on a Saturday.....

Fri, 11/04/2011 - 14:00 | Link to Comment Seize Mars
Seize Mars's picture

I think it's the bypass line.

You guys prepare that thing with some gauze pads and some antifreeze. Preferably Prestone.

No, make that Quaker State. 

Fri, 11/04/2011 - 14:51 | Link to Comment vato poco
vato poco's picture

HSBC tweets remind me a lot of the (little-known) last P.A. system address on the Hindenberg in 1933: "Ladies and Gentlemen, there is a small fire in an unimportant storage compartment. You may see a few small puffs of smoke, but it is completely under control. We may be  for-profit corporation, but you may rest assured that we value your safety above all things, and there is nothing to worry about. Heck, no! Nothing at all!! So please ignore the Captain and crew frantically scrambling down the escape ladders, as this is only a drill. Thank you, and...HOLY SHIT!!"

Oh, the humanity.

Fri, 11/04/2011 - 17:26 | Link to Comment real
real's picture
didn't bank of America have some problems similar to this just before they did that switch with accounts.
Sat, 11/05/2011 - 02:00 | Link to Comment tooktheredpill
tooktheredpill's picture

I started having problems with mine a week ago when I couldn't pay off the CC debt. Who knows what the deal is but worth keeping an eye on since it seems these guys are fully loaded with derivatives

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