When HSBC shuts the only bank in town

HSBC has fewer friends and loyal customers in England. HSBC is axeing nonprofitable branches, usually in small towns or villages and run part time. Although banks have an absolute right to shut unprofitable branches, no one should underestimate the damage such closures do to communities, especially in towns and villages where the axed branch results …

HSBC wolf in sheeps clothing

In a news article today HSBC teamed up with the group Students In Free Enterprise. In the past HSBC started websites such as “Your Credit Counts”, and claimed to be aligned with financial literacy programs in the US. Whether HSBC discusses losses at HSBC Finance is doubtful. Also most likely left out of such “teaching” …