The Hang-Seng Banking Corporation
| Hang-Seng Banking Corporation | ||||||||
|---|---|---|---|---|---|---|---|---|
| ||||||||
|
The Hang-Seng Banking Corporation was originally a division of the International Imperial Investment Bank. However, after making huge profits with that corporation, a conglomerate of private investors decided to sell their shares, and start up a rival bank. However the Hang-Seng bank would be strictly a profit bank. The Hang-Seng Banking corporation is better known as HSBC.
The Hang-Seng Banking Corporation has put itself as the foremost private bank in the Arch-Imperium. Though the IIIB does offer similar banking, the HSBC has one thing that the IIIB does not: Absolute Confidentiality.
Absolute Confidentiality
This principle is used to protect bank clients from any type of government investigation. Under the Banking Confidentiality Act, the HSBC was able to ensure that all transactions within the bank were kept strictly confidential under absolute circumstances. Not even orders from the Emperor could reveal the information, at least legally, within the Bank's own archives. Its own operations are highly automated and high-tech to disallow human contact with records. This allows maximum confidentiality under all circumstances. As a public and central bank, the IIIB cannot afford this type of policy.
Links
See also:
