Hong Kong Shanghai Bank Corporation HSBC With the DTCC new ruling that all banks must have 1 trillion. Enough to survive a sever recession. HSBC is one of several banks pleading that this rule doesn't go into effect. We can also include the mighty hedge fund Citadel with this plea. Let's include this one of many banks that are involved in someway with the Evergrande fiasco. Normal psychology tells us if you are pleading for something, you are asking for leniency in something you have either done or not done. If it weren't an issue then why the plea? I am going to link a weird option chain I found a couple of weeks ago I thought was strange, somoni knows something. I am short HSBC I also am not a Financial advisor .
@FXKillA, HSBC has been in a downward spiral for a while now. I believe it has closed up to 235 branches and for the most part exited out of retail banking in the US. Though I realize this doesn't include all branch closings and the article is out date, there is another article stating it will close another 80 branches by the end of September 2021