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

Ferry connecting Port Hardy and Bella Coola expected to set sail this summer

Its first in-service route will sail in central coast waters on May 18, 2019.

BC Parks Student Ranger Program accepting applications for 2019 season

12 crews of four student rangers will work in regions throughout the province including Bella Coola.

Over $650,00 given to rural communities thanks to Rural Dividends

Five communities, including Williams Lake, are receiving $10,000 for project grants

Pregnant Cariboo firefighter tries to save own house from blaze

Julia Flinton and Anthony Sellars both worked on the 2017 wildfires

Road report for Highway 20

Fog patches and slippery sections; Drive BC

Self serve doggy-wash poised to change dog grooming industry

Add money, start spraying to wash dog in the K9000

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Federal Liberals announce former B.C. MLA as new candidate in byelection

Richard Lee will face off against federal NDP leader Jagmeet Singh

No winning ticket in $10 million Lotto Max jackpot

No win in Friday night’s draw means the next Lotto Max draw will be approximately $17 million

Scientists ID another possible threat to orcas: pink salmon

For two decades, significantly more of the whales have died in even-numbered years than in odd years

Burnaby byelection turmoil sparks debate about identity issues in politics

The Liberals still have not said whether they plan to replace Wang, who stepped aside Wednesday

B.C. woman planned to donate a kidney to her husband, then found out she has cancer

Richard Stuart needs a kidney, his wife Tracy has been diagnosed with cancer

Rookie Demko backstops Canucks to 4-3 win over Sabres

Young Vancouver goalie makes 36 saves to turn away Buffalo

Most Read