It’s hard to feel sorry for a bank, but the saga of 40 Park Lane Circle in the Bridle Path makes you understand some of their worst moments. This country estate in the city started out for sale by the owner in the Spring of 2010 for $23.8 million. Time went by and in December of the same year the price came down to $19.8 million. Speed over to early 2011 and the price is down to $17.5 million. Heading into Christmas 2011, 40 Park Lane Circle — all 18 rooms and the lot at 269 by 459 feet — could be had for a mere $15.9 million. Early this year the Hong Kong Shanghai Bank dropped the price to $13,980,000. In October 2013, HSBC threw in the towel and said this castle is going to auction — what’s your best offer. Mind, HBSC has faced worse issues. In 2012 it was revealed that staff at its global subsidiaries had laundered billions of dollars for drug cartels, terrorists and pariah states. The bank said it was very sorry about all thatValues on Park Lane Circle seem down a bit
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It’s hard to feel sorry for a bank, but the saga of 40 Park Lane Circle in the Bridle Path makes you understand some of their worst moments. This country estate in the city started out for sale by the owner in the Spring of 2010 for $23.8 million. Time went by and in December of the same year the price came down to $19.8 million. Speed over to early 2011 and the price is down to $17.5 million. Heading into Christmas 2011, 40 Park Lane Circle — all 18 rooms and the lot at 269 by 459 feet — could be had for a mere $15.9 million. Early this year the Hong Kong Shanghai Bank dropped the price to $13,980,000. In October 2013, HSBC threw in the towel and said this castle is going to auction — what’s your best offer. Mind, HBSC has faced worse issues. In 2012 it was revealed that staff at its global subsidiaries had laundered billions of dollars for drug cartels, terrorists and pariah states. The bank said it was very sorry about all that