HSBC drops small business customers

Some small business customers of HSBC Bank Canada have been notified their accounts will be closed in 60 days

HSBC Bank Canada is changing its focus to serve international firms.

Some small business customers of HSBC Bank Canada are looking for new services, as HSBC sends out letters advising them their accounts will be closed in 60 days.

HSBC did not respond to a request for clarification of how many B.C. business are affected or what criteria are used to turn business customers away. Nigel Davis, head of business banking for HSBC Bank Canada, told the CBC in a statement last week that it is focusing its business banking services on firms that “are now or aspire to become international businesses, benefiting from our global footprint and connectivity.”

Davis’ name appears on letters notifying business customers they should withdraw all funds from their accounts within 60 days. Any funds still in the account at the stated deadline will be converted to bank drafts and mailed or couriered to the address on file with the bank.

 

Just Posted

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

Second World War prompts airport construction

And now it’s the busiest airport in the region

Trudeau announces bioregional oceans protection agreement in Prince Rupert

Agreement announced in partnership with 14 central and north coast First Nations

115 new wildfires burning across B.C. due to 19,000 lightning strikes

More fires expected to start today, says BC Wildfire Service officials

B.C. turns up the heat

Environment Canada has issued a special weather statement for most the province due to high temperatures

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

Man shot dead in Surrey ID’d as hockey coach and father of two

Murder of Paul Bennett – a respected Peace Arch Hospital worker and ‘champion of sport’ – ‘not random’

Serial killer Robert Pickton transferred to Quebec: victim’s family

Pickton was convicted in December 2007 of six counts of second degree murder

Canadian Syrian children’s choir not to attend festival over fears about U.S. travel

Many kids are recent immigrants from countries covered by Trump travel ban

B.C. teacher ends Jeopardy! winning streak, taking home US$69,000

Ali Hasan, from New Westminster, has been gaining fans as a “one-man invasion,” says Alex Trebek

Jett Woo highlights 5 Canucks choices on Day 2 of NHL entry draft

WHL star out of Moose Jaw tabbed in Round 2

In a matter of hours, women in Saudi Arabia will be allowed to drive

Change was announced as a royal decree in 2017 by Crown Prince Mohammen bin Salman

Feds announce measures to protect endangered whale species

Canada’s Whale Initiative is part of the federal government’s $1.5 billion Ocean Protection Plan

Most Read