“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.”
Related posts:
Massachusetts smokers try to get ahead of new cigarette tax
Saving Cyprus Means Nobody's Bank Accounts Safe as Europe Breaks Taboo
Obama-led drone strikes kill innocents 90% of the time: report
Can Bitcoin catch on? Gift card site says 3% reward will help
Woman to pay $9,250 per song in file-sharing case
Lawsuit settled accusing former police officer of stalking in uniform
OKC hospital posting surgery prices online, creating bidding war
Elon Musk's growing empire is fueled by $4.9 billion in government subsidies
Julian Assange praises Edward Snowden for exposing ‘mass surveillance state’
PETA angry over plan to control Guam’s snake population with toxic dead mice
Cheers erupt as Egyptian president removed and constitution suspended by military
Megaupload founder Kim Dotcom plans to launch new political party in New Zealand
NY state trooper hit with 3rd rape charge
Indian cartoonist held on sedition charges
U.S. household stock wealth at highest level since dotcom bubble