singular_me
3rd March 2015, 04:07 AM
Death, drugs, and HSBC
Tuesday 3rd March 2015
http://www.davidicke.com/wordpress/wp-content/uploads/2015/03/get-attachment-247-587x440.jpg
‘Recent reporting on illegal tax evasion by the world’s second largest bank, HSBC, opens a window onto the pivotal role of Western banks in facilitating organised crime, drug-trafficking and Islamist terrorism. Governments know this, but they are powerless to act, not just because they’ve been bought by the banks: but because criminal and terror financing is integral to global capitalism. Now one whistleblower who uncovered an estimated billion pounds worth of HSBC fraud in Britain, suppressed by the British media, is preparing a prosecution that could blow wide open the true scale of criminal corruption in the world’s finance capital.’....................
The best journalism money can buy
The threat of legal action is only one part of the explanation for the reluctance of the British media to pursue such critical issues. The other dimension is that HSBC has gone to great efforts to capture as much of the media as it possibly can.
In August last year, HSBC director Rona Fairhead was appointed as chair of the BBC’s board of trustees. Fairhead is currently chair of HSBC’s North America Holdings, and was chair of the audit and risk committee when HSBC was fined by US authorities for money-laundering. Some of the fraud exposed in the Swiss leaks occurred during her watch on the committee. Before her government nomination to the BBC, Fairhead was appointed a British Business Ambassador by Prime Minister David Cameron. Prior to that, she had been a non-executive board director for the UK Cabinet Office under the coalition government.
Rona Fairhead, chair of the BBC Trust, is also a director and shareholder at HSBC
As former BBC newsman and Radio 5 Live executive Bill Rogers reports, Fairhead owns a total of some 76,254 HSBC shares, collectively worth an estimated £436,000. Over the year, she earned £494,000 in fees and £19,000 in benefits from HSBC.
The Guardian, in contrast, has loudly and triumphantly congratulated itself for reporting on the HSBC Swiss bank scandal despite the bank putting its advertising relationship with the newspaper “on pause.” Yet the newspaper has refused to cover Wilson’s story exposing HSBC fraud in Britain. Why?
Here’s something you won’t read in the Guardian. During the Treasury Select Committee meeting on 15th February, it emerged that the newspaper that styles itself as the world’s “leading liberal voice” happens to be the biggest recipient of HSBC advertising revenue: bigger even than the Telegraph.
According to the Guardian Media Group’s annual financial review last year, its American website, Guardian US, delivered “record online traffic” in the form of over 20 million unique monthly users “representing year-on-year growth of 12%.” User growth permitted a dramatic increase in advertising revenues: “Revenues from US operations more than doubled on the previous 12-month period, reflecting advertising demand and sponsorship deals with partners such as HSBC, Netflix and Airbnb.”
HSBC’s “partnership” with the Guardian Media Group has thus played an integral role in enabling the Guardian’s US venture to maximise its revenues, and expand its work.
The Guardian’s links with HSBC go beyond mere advertising. Much has been made of the fact that the newspaper is owned and run by The Scott Trust, originally created in 1936 “to safeguard the title’s journalistic freedom.” The paper, wrote leftwing columnist Owen Jones in the wake of Peter Oborne’s revelations, “is unique for being owned by a trust rather than a media mogul.”
I have a lot of respect for Jones, who is doing important work, but his assertion here is untrue and misleading.
more/LONG
https://medium.com/@NafeezAhmed/death-drugs-and-hsbc-355ed9ef5316
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Conflict of interest? BBC chief earns £10,000 a day from HSBC
Tuesday 3rd March 2015
Of course it is an extraodinary conflict of interest, but they don't seem to care any more.
http://rt.com/uk/236781-hsbc-bbc-trust-fairhead/
Tuesday 3rd March 2015
http://www.davidicke.com/wordpress/wp-content/uploads/2015/03/get-attachment-247-587x440.jpg
‘Recent reporting on illegal tax evasion by the world’s second largest bank, HSBC, opens a window onto the pivotal role of Western banks in facilitating organised crime, drug-trafficking and Islamist terrorism. Governments know this, but they are powerless to act, not just because they’ve been bought by the banks: but because criminal and terror financing is integral to global capitalism. Now one whistleblower who uncovered an estimated billion pounds worth of HSBC fraud in Britain, suppressed by the British media, is preparing a prosecution that could blow wide open the true scale of criminal corruption in the world’s finance capital.’....................
The best journalism money can buy
The threat of legal action is only one part of the explanation for the reluctance of the British media to pursue such critical issues. The other dimension is that HSBC has gone to great efforts to capture as much of the media as it possibly can.
In August last year, HSBC director Rona Fairhead was appointed as chair of the BBC’s board of trustees. Fairhead is currently chair of HSBC’s North America Holdings, and was chair of the audit and risk committee when HSBC was fined by US authorities for money-laundering. Some of the fraud exposed in the Swiss leaks occurred during her watch on the committee. Before her government nomination to the BBC, Fairhead was appointed a British Business Ambassador by Prime Minister David Cameron. Prior to that, she had been a non-executive board director for the UK Cabinet Office under the coalition government.
Rona Fairhead, chair of the BBC Trust, is also a director and shareholder at HSBC
As former BBC newsman and Radio 5 Live executive Bill Rogers reports, Fairhead owns a total of some 76,254 HSBC shares, collectively worth an estimated £436,000. Over the year, she earned £494,000 in fees and £19,000 in benefits from HSBC.
The Guardian, in contrast, has loudly and triumphantly congratulated itself for reporting on the HSBC Swiss bank scandal despite the bank putting its advertising relationship with the newspaper “on pause.” Yet the newspaper has refused to cover Wilson’s story exposing HSBC fraud in Britain. Why?
Here’s something you won’t read in the Guardian. During the Treasury Select Committee meeting on 15th February, it emerged that the newspaper that styles itself as the world’s “leading liberal voice” happens to be the biggest recipient of HSBC advertising revenue: bigger even than the Telegraph.
According to the Guardian Media Group’s annual financial review last year, its American website, Guardian US, delivered “record online traffic” in the form of over 20 million unique monthly users “representing year-on-year growth of 12%.” User growth permitted a dramatic increase in advertising revenues: “Revenues from US operations more than doubled on the previous 12-month period, reflecting advertising demand and sponsorship deals with partners such as HSBC, Netflix and Airbnb.”
HSBC’s “partnership” with the Guardian Media Group has thus played an integral role in enabling the Guardian’s US venture to maximise its revenues, and expand its work.
The Guardian’s links with HSBC go beyond mere advertising. Much has been made of the fact that the newspaper is owned and run by The Scott Trust, originally created in 1936 “to safeguard the title’s journalistic freedom.” The paper, wrote leftwing columnist Owen Jones in the wake of Peter Oborne’s revelations, “is unique for being owned by a trust rather than a media mogul.”
I have a lot of respect for Jones, who is doing important work, but his assertion here is untrue and misleading.
more/LONG
https://medium.com/@NafeezAhmed/death-drugs-and-hsbc-355ed9ef5316
--------------------
Conflict of interest? BBC chief earns £10,000 a day from HSBC
Tuesday 3rd March 2015
Of course it is an extraodinary conflict of interest, but they don't seem to care any more.
http://rt.com/uk/236781-hsbc-bbc-trust-fairhead/