<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
why is hsbc a bad company?
<|assistant|>
HSBC is sometimes considered a bad company due to their history of criminal activity. For example, in 2012, they paid a fine of $1.92 billion to settle claims that they had helped to move money on behalf of drug cartels and had violated US sanctions with multiple foreign governments. In addition, HSBC has been accused of money laundering, overcharging customers, and mis-selling financial products. As a result, many customers have turned away from the company, making their financial situation precarious.