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

Nisga’a leader named UNBC chancellor

Dr. Joseph Arthur Gosnell is the first Indigenous leader to assume the role

Lions’ Easter Sunday well past 40 year mark in Barriere

The Annual Barriere Lions Club Pancake Breakfast and Easter Egg Hunt has… Continue reading

Bingo fundraiser helps After School Program

Bingo was on the agenda for the North Thompson Activity Centre Society… Continue reading

Mascon fiber optics being installed in Barriere

A work crew was spotted last week on Apr. 17 at the… Continue reading

YCS takes over early years programs in Barriere

By Jill Hayward On Mar. 31, 2019, the Success By 6 initiative,… Continue reading

VIDEO: ‘Alarm bells’ raised by footage allegedly from B.C. pig farm, SPCA says

PETA released video Wednesday showing dead and injured piglets next to nursing piglets

VIDEO: Driver in bizarre hit-and-run at B.C. car dealership turns herself in

Police believe alcohol was a factor in incident causing estimated $15,000 in damages

Haida youth travels to New York for UN forum on Indigenous issues

Haana Edensaw presented her speech in Xaad Kil, Masset dialect of the Haida language

Female real estate agents warned of suspicious man in Metro Vancouver

The man requests to see homes alone with the female agent, police say

Can you put your phone down for Mother’s Day?

#DiningMode campaign encourages people to leave the phone alone while eating

Horgan heckled as gas prices sit at record high, could go up more

Premier John Horgan blames refiners, not taxes

SPCA investigating after newborn kittens found in Vancouver dumpster

The kittens were found suffering from hypothermia and dehydration

Judge rejects hunter’s bid to get back a sheep shot in northern B.C.

Despite expert testimony, judgement says ram probably underage

‘B.C. cannot wait for action’: Top doctor urges province to decriminalize illicit drugs

Dr. Bonnie Henry says current approach in ‘war on drugs’ has criminalized and stigmatized drug users

Most Read