There seems to have been some uproar when HSBC bought the UK Cooperative Bank. As if they were purchasing themselves a good conscience. I think it is rather normal that larger entities buy up niche players, and instead of all the hoopla about HSBC getting access to this new channel, think of the wonderful opportunity of influencing a much larger segment of business. HSBC wanted this ethical approach- or they would not have bought it. more...
Comment from the editor - got this one wrong - the uproar was about rumors that HSBC... the deal has not gone through, should have read "uproar about HSBC buying..."