Now Banks to Decide IF You Get to Keep Your Money?

Think your bank deposits are safe, just because the FDIC now insures accounts up to $250,000? Better think again. Until customer complaints forced a reversal of policy, the British multinational bank HSBC unilaterally imposed a restriction blocking customers from withdrawing large amounts of money from their own accounts, unless they could provide the bank with a “good reason” for it. After the uproar in London when the BBC reported the new policy, HSBC issued a statement claiming the Read more […]