Revelations 18:23 ‘For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- BANK CLOSURES HSBC to close 69 bank branches – see the full list
- The HSBC bank locations closing will be shuttered between July and October this year.
- Several locations in central London including Westfield shopping Centre in London, Bond Street and the City are among the 11 branches being ditched first.
- Ellesmere Port, Petersfield, Falmouth and Sidmoth are some of the areas which are losing a bank branch later in the year.
- It follows 82 HSBC branches closing last year and 27 the year before that in 2020.
- Jackie Uhi, head of HSBC UK’s branch network, said the way people banked is changing and that has been accelerated by the pandemic.
- HSBC isn’t the only bank closing branches. Natwest and RBS said in February it was closing 32 locations.
- Lloyd’s and Halifax said last year they would close 48 sites, while TSB announced in November that it would axe as many as 70 branches.
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Hackers targeted one of the world’s largest banks on Friday morning, preventing some of HSBC’s customers in the United Kingdom from being able to access their online accounts.
HSBC issued a statement saying it “successfully defended” against a denial-of-service attack, in which hackers try to prevent people from accessing a given site by overwhelming it with traffic.
The company said the attack targeted its Internet banking system for the United Kingdom, but no transactions were affected. However, some United Kingdom customers who tried to log into their accounts Friday were greeted by a message that said online banking was unavailable.
That message did not appear on the company’s website for online banking in the United States.
HSBC tweeted that its service was recovering, though it was still seeing some denial-of-service attacks some five hours after it initially reported the incident. The bank added it was “working closely with law enforcement authorities to pursue the criminals responsible.”
About 17 million United Kingdom residents are HSBC customers, the bank says. It apologized to all those inconvenienced by the outage, and encouraged them to visit a branch for urgent issues.
It was the second time this month that HSBC customers had an issue with online banking.
The company tweeted that “an internal technical issue” prevented some people from accessing their accounts on Jan. 4 and Jan. 5. In a video tweeted from the company’s account, an HSBC official said that was not caused by a cyber attack and that customers’ data was never at risk.
HSBC has about 6,100 offices in more than 70 countries and territories across the globe, according to its website.
British Bank HSBC has been found guilty of “dangerous practices” that allowed drug kingpins and nations that fund terrorism to funnel their money. A US Senate investigation found the bank had been laundering money for many years for nations like Iran in violation of US and UK policies. Continue reading →
