My family has banked with First Direct, a subsidiary of HSBC, since it started and it's been a good bank.
Not any more.
Today the FT reports that not only has HSBC decided not to wind down its operations inside Russia, as most banks have done, but it has edited its reprots to remove the word 'war' about Ukraine and replace it with 'conflict' and also talks of regretting casualties 'on both sides'. You know, like when Nazi soldiers were shot while executing Jewish partisans. 'On both sides'.
Apparently it's much more profitable to be the only big western bank still operating in Russia than to quit.
Well, I cant and wont stomach that and I'm closing all our accounts today. It's a bore, but when I look into the eyes of a child orphaned by HSBC's client, what else can I do?
If you bank with HSBC or First Direct I urge you to do likewise
I was formerly Finance Director of the Prison Service and then Director of the National Offender Management Service responsible for competition. I also worked in the NHS and an IT company. I later worked for two outsourcing companies.
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