HSBC Clarifies Its Position
Vancouver – The Senior Media Relations Manager for HSBC Bank, Canada, Aurora Bonin , has asked to clarify her comments made yesterday to 250news,
as she was driving at the time of her statement .
She says;
"HSBC has been applying a rolling program of strategic assessments to
its businesses worldwide since May 2011, and we are now reviewing our
portfolio of small and medium-sized business clients in Canada.
· Some customers will be affected, but our focus is to ensure that we
are serving customers who are making the most of their relationship
with HSBC, either because they are or aspire to become international
businesses, benefiting from our global footprint and connectivity.
· Because international business is at the heart of our strategy, these
are the clients who would most benefit from banking with HSBC".
Comments
Scr3w you client of Bank of BC. We bought the bank to capture the market place, now we don’t need you, so please just go away.
I think they want to shut down the services for personal banking and small/medium business. only want the big guys.
Well, they are failing to realize that big companies started out small. This is a business that has forgotten how they got there….. Going to be the next Chrysler. Only difference, no bail out.
Heard Chrysler is back at the trough again, looking for another 4.7 billion dollars. I think its time to say good bye to this company. They had several chances already, its time to shut it down.
“…asked to clarify her comments…”? …she was driving at the time…? Where’s the cops? Time for a $167 dollar fine. Need more proof? Gadzooks, eh?
“as she was driving at the time of her statement” ????????
Hello RCMP you have a confession. lol
Fasr as I know hands free is still legal, I personally don’t yak on the phone as I find it distracting, either device.
“…as she was driving at the time of her statement .”
Multitasking. Attention divided between driving and being on the phone (hands free or not). Distracted driving, distracted mind. Hence the need for clarification.
Nobody got hurt on the road! That is the bright side!
Used to be that every bank needed your deposits as ‘reserves’ to be able to write loans up to whatever those reserves were some fraction of.
On a 10% reserve ratio, a bank could safely create and lend
$ 10,000 worth of new credit for every
$ 1,000 its customers brought in in cash or cheques drawn on some other bank for deposit.
And banks competed with one another to attract more deposits, which, by increasing their ‘reserves’, enabled them to write still more loans. They did this by offering to pay better interest on those deposits than their competitors. And in giving you better service.
Then the brilliant Mulroney government changed the Bank Act, and instead of needing their customers’ money for their reserves, banks can now use their ‘capital’ instead.
Now instead of them needing you, and paying you interest to keep your deposits in their bank, they charge you fees for the privilege. Which generally exceed what you receive in interest, especially these days.
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