“Banking giant HSBC is dumping some of its small business clients in favour of those with more internationally-oriented profiles. Linda Bryan is the owner of a small pharmacy in White Rock, B.C., who has been banking with HSBC for 17 years. Recently, she received a letter from the bank informing her she has 60 days to transition to another financial institution. And she’s not alone. HSBC has been sending similar letters to small business owners in Canada and the United States for about a month. The bank will not say how many customers it is ridding itself of, but the number is large. The Canadian Federation of Independent Business says the move is unacceptable.”
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