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

Woodwynn Farms to be shut down and sold

The rehabilitation program at Woodwynn Farms is being shut down. According to… Continue reading

Whooping cough detected in Claremont student

15 Greater Victoria schools have been informed of a student with pertussis since September

Langford loses bid to host Amazon HQ2

Mayor hopes to attract more tech jobs to city

VIDEO: Protesters chain doors shut at DFO office in Saanich

Fish farm protesters removed from Commerce Circle for a second time

Plans in place for Cordova Bay mixed-use residential and commercial development

Staff approve proposal for 91 residential units and 46,797 square feet of mixed-use for Cordova Bay

WATCH: Giant waves smash Ucluelet’s Amphitrite Point

Folks made their way to Ucluelet’s Amphitrite Point Lighthouse on Thursday, Jan.… Continue reading

WestJet appeals lost bid to scrap harassment lawsuit

Airline argues judge was wrong to have dismissed the company’s application to strike the legal action

Can U.S. border guards search your phone? Yes, and here’s how

Secretary of homeland security explains a new policy that let’s border guards check phones

‘Beautiful writer’ Nancy Richler dies of cancer in Vancouver hospital

Montreal-born author spent most of her adult life in B.C. as a fiction writer and novelist

Jury convicts spear-wielding Duncan man in 2015 Ladysmith RV park murder

Trever George Meers used a handmade spear to stab Rayna Johnson at the Campers Corners RV Park

Students frustrated by UBCO response to harassment allegations

Students on the Kelowna campus were unaware of resources and worried about lack of communication

No crackdown, just education as BC Ferries enacts smoking ban

Fines and extra patrols not happening at this time as ban begins Monday

Funding brings more tech spaces to UVic and Camosun

Students can look forward to the addition of hundreds of tech-related seats… Continue reading

Facing reality of death, B.C. man learns real meaning of life

Even while preparing for the end, something inside Keven Drews won’t let him stop living

Most Read