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

Muralist on board for Revelstoke’s LUNA Nocturnal Wonder festival

One of Kris Kupskay’s next projects is a mural on a 22… Continue reading

Chance of showers may not be enough to rid Okanagan of smoke

Wind and chance of thunderstorms competing factors in this week’s forecast

Darke Lake residents under evacuation alert

Fire crews battling wildfire in rural community west of Summerland

BC Wildfire crew rescues lost puppies

They were just leaving the Monashee Complex of fires when they found the cutest creatures.

Casual memberships now available through the Kootenay Carshare Coop

The Kooteany Carshare Cooperative is now offering a new casual membership. Waving… Continue reading

Filmmaker captures the smoke that enveloped the Shuswap

Check out this video of the haze that blanketed Salmon Arm

Canadian Armed Forces in the Okanagan to help firefighters

Canadian Armed Forces arrived in Vernon Thursday, being deployed to West Kelowna fire

Former Trump aide Paul Manafort found guilty of eight charges

A mistrial has been declared for the other 10 charges against him

Canada’s team chasing elusive gold medal at women’s baseball World Cup

Canada, ranked No. 2 behind Japan, opens play Wednesday against No. 10 Hong Kong

Former B.C. detective gets 20 months in jail for kissing teen witnesses

James Fisher, formerly with Vancouver police department, pleaded guilty to three charges in June

Former B.C. premier Christy Clark criticizes feds for buying pipeline

The $4.5 billion purchase of Kinder Morgan’s Trans Mountain pipeline second worst decision, she said

Blaze near Olalla grows to 527 hectares

The Old Tom Creek fire that started Aug. 15 is burning near Keremeos

‘Takes more courage to fail’: B.C. ultra-marathon swimmer reflects on cancelled try at record

Susan Simmons halted her swim from Victoria to Port Angeles and back because of hypothermia

Animals moved from B.C. Interior shelters to make way for pets displaced by wildfires

The Maple Ridge SPCA houses animals to make space for pets evacuated from B.C.’s burning interior.

Most Read