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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.

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Probably referring to the fact RBC is set to acquire HSBC’s Canadian business.

Brings to question: did RBC know? How did they not know?

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

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.

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