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HSBC soon to be RBC. This is not very surprising, a lot of this also gets facilitated by the independent mortgage brokers who get ppl through the system with some 'creative coaching'.

>>inSenC+(OP)
Lol no. HSBC has always had a much worse reputation than RBC, or any other bank for that matter. HSBC and Standard Chartered are amongst the worst international offenders when it comes to fraud and money laundering.

>>fakeda+78
Probably referring to the fact RBC is set to acquire HSBC’s Canadian business.

>>wisema+F9
Brings to question: did RBC know? How did they not know?

>>fakeda+78
Exactly. HSBC was laundering money for Mexican and Colombian drug cartels and fined $1.9 billion by the US government, which is one of the largest penalties ever imposed on a bank for breaking U.S. law.

Deutsche Bank fires pretty high on the fraud meter as well.

>>fallat+dg
RBC probably indulges in this as well. HSBC just has way more ties to Hong Kong and China than RBC does.