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Now I'm beginning to understand why sone people hid (still hide) money in mattress

Why?

These people were making/retaining money (by reducing tax exposure) via shady means. They didn’t lose money in the trading activity.

Putting cash in a mattress is a sure way of losing value. $100/€100 in 2005 is now worth $64.92/70.68.

considering some people have bad luck with stock market, it might not be that bad

There is always risk. However, sitting on physical cash is a bad idea. I googled the inflationary changes and those numbers are correct.

The least bad option is to park cash in a savings accounts. At least you get a fraction of inflation.

Not to mention the amount you lose when the mice start snacking on it.

Hiding crooks? That's a paddlin'......

Oh you better believe that's a paddlin

[deleted]

Just a cost of doing business

And that's almost "good" compared to the current situation. With inflation rates soaring near 10%, $100 in 20 years will be like $15 and that's assuming inflation doesn't get WORSE.

I think the lowest-risk long-term store of wealth, including inflation as a 'risk', is probably a global index fund or something similar. Cash is safe in nominal terms only.

If there isn’t jail time, it was worth the risk to them.

At least here in the US, there isn't. You can bankrupt your bank and the FDIC will bail out the customers while you can sell off your stock and make millions.

$1.1 billion for a bank is like toilet paper, not to even mention multiple banks.

WSB would like a chat.

The banks should start by getting the money back from CEO’s (former and current) and Sr. Executives who personally profited from the corruption.

Shareholders shouldn’t pay the price

Pretty sure when HSBC got hit with the largest fine in history, they already had a budget for the fine, the fine came in under budget, they somehow got a tax deduction on it as an expense, and everyone got bonuses.

Oh, and any and all accounts internal , external and rating firms who aided in the fraud.

Individuals should be sued for costs.

Doesn’t HSBC not have a long history of money laundering?

Why aren’t the executives of banks not going to jail for fraud”

Seize the assets of all senior executives current and former.

They need to return heir ill gotten profits from committing fraud on shareholders

The execs shouldn’t be allowed to live in luxury. It’s Madoff fraud.

Didn't svb stockholders lose everything?

Depositors got made whole, largely through asset sales and their deposits being bought by other banks.

I have as yet to hear of anyone getting investigated for insider trading, which they should, or negligence or wilful malfeasance, which they also should.

And the bank wasn't bankrupt. But I've explained this as far as I care to; go read some background reporting instead of spouting off silly sound bites.

Trick is to sell right before the crash: "CEO Greg Becker sold over $3.5 million in company stock, an SEC filing shows. Less than two weeks before Silicon Valley Bank became the largest bank failure since the 2008 financial crisis, top executives at the company sold stock totaling several million dollars, according to federal disclosures obtained by ABC News"

Makes it sound like they knew and this would be automatic jail time.

Executives do that regularly. They're paid in stock, so they sell to get their money. The SEC can easily see if they sold an abnormal amount. I'm sure they're all under a microscope at this very moment.

They should take that 1.1 billion, double it, and give it to me.