Cyprus-Forum.com

[DT.]

Well did we really expect anything else? So what does that say about the atitude of big business towards Cyprus?
It's a retorical question .

Absolutely normal. If it can dodge the political cost it will always go for the financial reward.

The question is that the penalties will be difficult to dodge.

[Malapapa]

HSBC was told to close down its northern branch (its a branch of the Turkish acquisition that was made and considered to be on Turkish soil under Turkish regulation.

When HSBC was asked to close this branch down its reaction after weighing its business interests in Turkey and those in Cyprus was to close the Cyprus Private banking branch down instead. It later offloaded all its shares in Laiki Bank (20%) to Marfin.

Thats how much HSBC values doing business with Cyprus

Then, perhaps HSBC might now prefer conducting some business in the relevant courts. An initial warning shot is certainly in order; a high profile scalp worth securing ASAP.

[YFred]

Well did we really expect anything else? So what does that say about the atitude of big business towards Cyprus?
It's a retorical question .

Absolutely normal. If it can dodge the political cost it will always go for the financial reward.

The question is that the penalties will be difficult to dodge.

Banks lose billions, do they really care?

[DT.]

HSBC was told to close down its northern branch (its a branch of the Turkish acquisition that was made and considered to be on Turkish soil under Turkish regulation.

When HSBC was asked to close this branch down its reaction after weighing its business interests in Turkey and those in Cyprus was to close the Cyprus Private banking branch down instead. It later offloaded all its shares in Laiki Bank (20%) to Marfin.

Thats how much HSBC values doing business with Cyprus

Then, perhaps HSBC might now prefer conducting some business in the relevant courts. An initial warning shot is certainly in order; a high profile scalp worth securing ASAP.

Only if it is tresspassing on GC land right now. I think it might be wise to check it out first.

[denizaksulu]

HSBC was told to close down its northern branch (its a branch of the Turkish acquisition that was made and considered to be on Turkish soil under Turkish regulation.

When HSBC was asked to close this branch down its reaction after weighing its business interests in Turkey and those in Cyprus was to close the Cyprus Private banking branch down instead. It later offloaded all its shares in Laiki Bank (20%) to Marfin.

Thats how much HSBC values doing business with Cyprus

Then, perhaps HSBC might now prefer conducting some business in the relevant courts. An initial warning shot is certainly in order; a high profile scalp worth securing ASAP.

HSBC, as we speak is shaking in its boots.

[only me]

What a sad lot you are !!
Write you letters and e-mails see who cares.

[CBBB]

What a sad lot you are !!
Write you letters and e-mails see who cares.

Just talking about it seems to have upset you!

[Malapapa]

HSBC was told to close down its northern branch (its a branch of the Turkish acquisition that was made and considered to be on Turkish soil under Turkish regulation.

When HSBC was asked to close this branch down its reaction after weighing its business interests in Turkey and those in Cyprus was to close the Cyprus Private banking branch down instead. It later offloaded all its shares in Laiki Bank (20%) to Marfin.

Thats how much HSBC values doing business with Cyprus

Then, perhaps HSBC might now prefer conducting some business in the relevant courts. An initial warning shot is certainly in order; a high profile scalp worth securing ASAP.

HSBC, as we speak is shaking in its boots.

I expect that's what some were flippantly saying about the Orams, when proceedings first started.

You may think trespass is a laughing matter. Thankfully the justice system thinks otherwise.

[Malapapa]

What a sad lot you are !!
Write you letters and e-mails see who cares.

This is who cares:

The High Court of Justice, England:



The European Court of Justice, Luxembourg:

[EricSeans]

What a sad lot you are !!
Write you letters and e-mails see who cares.

OM,

How many of the NC forums have been taken down now? Couldn't get on to Nige's this morning or this afternoon.