Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing yourself as the world's best anything can very often the kiss of death in terms of reputation, if nothing else It would appear that for HSBC, the world's local bank, a series of scandals and mishaps, have ended up in fines and red faces which continue to bite the banking group in the posterior, both fundamentally and otherwise.
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