Nothing about HSBC, the job cuts and possibly leaving?
Discussion
Comments in the papers are a little strange:
'Good riddance they were a burden on the country'
'Those 8000 bankers deserved to be fired on their massive salaries'
'Why is such a great UK company deserting its origin'
'They should be taxed for leaving the UK and going to Honkers, its not right'
'They had better leave the HSBC name behind, after all I have been a customer since 2005 and I want our UK name to stay'
'HSBC are a second division outfit. If they are pulling out of businesses then some high performers might be OK. The rest will struggle.'
'They had a hand in the financial crisis. Each personally culpable. They have themselves to blame.
Do they work in a bank? If yes, then guilty. They knew what they were doing.
Orders isn't an excuse.'
Sometimes I feel like weeping silently into my hands when I see stuff like the above in the comments.
Ah well...
'Good riddance they were a burden on the country'
'Those 8000 bankers deserved to be fired on their massive salaries'
'Why is such a great UK company deserting its origin'
'They should be taxed for leaving the UK and going to Honkers, its not right'
'They had better leave the HSBC name behind, after all I have been a customer since 2005 and I want our UK name to stay'
'HSBC are a second division outfit. If they are pulling out of businesses then some high performers might be OK. The rest will struggle.'
'They had a hand in the financial crisis. Each personally culpable. They have themselves to blame.
Do they work in a bank? If yes, then guilty. They knew what they were doing.
Orders isn't an excuse.'
Sometimes I feel like weeping silently into my hands when I see stuff like the above in the comments.
Ah well...
MysteryLemon said:
SO what does this mean for the average joe like me who have a HSBC current account and savings account? Anything at all for the time being?
Nothing...HSBC do not run your account, Midland Bank (the same departments in Sheffield, etc) have always ran it, HSBC rebranded them from Midland Bank to HSBC but never merged them into HSBC or changed the infrastructure much, this was done to create the illusion that they were HSBC.
So if anything the name will change back and not much else will happen.
MysteryLemon said:
SO what does this mean for the average joe like me who have a HSBC current account and savings account? Anything at all for the time being?
https://uk.finance.yahoo.com/news/hsbc-brand-disap...The HSBC name will disappear from Britain's high streets once the UK's largest bank has completed the work of ring-fencing its customer-facing business under new rules.
The bank, whose UK retail bank employs 26,000 staff and has millions of customers, plans to change the name of its branch network once it has been legally separated from the financial giant's global operations.
This will result in the HSBC brand and logo disappearing from Britain's high streets more than 20 years after the bank acquired Midland Bank.
The lender could revive the Midland Bank brand or broaden the use of First Direct, the name of HSBC's online bank - which has much higher customer ratings than its high street operations.
Du1point8 said:
MysteryLemon said:
SO what does this mean for the average joe like me who have a HSBC current account and savings account? Anything at all for the time being?
Nothing...HSBC do not run your account, Midland Bank (the same departments in Sheffield, etc) have always ran it, HSBC rebranded them from Midland Bank to HSBC but never merged them into HSBC or changed the infrastructure much, this was done to create the illusion that they were HSBC.
Fittster said:
Du1point8 said:
MysteryLemon said:
SO what does this mean for the average joe like me who have a HSBC current account and savings account? Anything at all for the time being?
Nothing...HSBC do not run your account, Midland Bank (the same departments in Sheffield, etc) have always ran it, HSBC rebranded them from Midland Bank to HSBC but never merged them into HSBC or changed the infrastructure much, this was done to create the illusion that they were HSBC.
If its anything like my current bank, its corporate and retail back office staff that they think they can shift to Birmingham, how wrong they are and how messed up its going... They can't get the quality staff and those that are in London, refuse to go, leaving sub-standard deliverables at the moment.
They replace 12 contractors in London with 5 permies, the complaints rate went up from 4/5 a month to 5/6 a day (100 or so a month), thats progress, also the deliverables have changed from a release every week across 7 platforms, to 1 release every 2/3 months and the business is pissed!!
But the Tories won! Surely business is booming, falling over itself to come to / stay in the UK?
Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Awaits "we've never had it so good" comments from the Tories.
Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Awaits "we've never had it so good" comments from the Tories.
Hackney said:
But the Tories won! Surely business is booming, falling over itself to come to / stay in the UK?
Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Awaits "we've never had it so good" comments from the Tories.
Oh do shut up you jumped up little socialist. Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Awaits "we've never had it so good" comments from the Tories.
Hackney said:
Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Yes, because sacking 700 staff out of several hundred thousand is a catastrophe. And four months later he's sacking 700 staff.
Back to HSBC, there isn't much profit in Retail Banking - even less than before when could push dubious products, not to mention PPI - so some trimming is inevitable. Free banking is unfortunately not free - someone has to pay.
Edited by fido on Tuesday 9th June 15:29
fido said:
Hackney said:
Just like that nice man that runs Boots said, if labour win it'll cause a catastrophe.
And four months later he's sacking 700 staff.
Yes, because sacking 700 staff out of several hundred thousand is a catastrophe. And four months later he's sacking 700 staff.
Hackney said:
fido said:
Yes, because sacking 700 staff out of several hundred thousand is a catastrophe.
It is if you're one of the 700f
king Tories and their ruining of business.... Oh wait, its something that they do every few years, I have been through it twice and you wouldn't believe how excited some of the over 50s are, then shouting me me... when it comes to the culling.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff