Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit

The bank issued a statement (below) this morning defending their actions – it’s for your own good – but rescinding the decision – “following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals.” After all the last thing the bank, which over the past few years has been implicated in aiding an abetting terrorists and laundering pretty much anything, wants is an implied capital shortfall to become an all too explicit one.

via Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit.

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