HSBC: Firing the world’s most incompetent bank
In a departure from my normal blogging, this is an open letter to HSBC CEO Stuart Gulliver on why I’m firing his bank after seven painful years as its customer. Mr Gulliver pocketed a $11.1 m bonus in 2012 despite money laundering fines and poor corporate performance. I worry that our banks aren’t just too big to fail but too incompetent to survive. I’ve fired HSBC, but it’s time to demand retail banking reform. The least that consumers are deserve is a modicum of competence.


