HSBC Tsunami Relief Not What You Think
Another interesting fact - although HSBC gave £1m towards the Tsaunami appeal they were still charging UK (and elsewhere?) relatives £25 a transaction to wire money out to affected relatives right up and till a memo went out to branch staff on January 14th, 2005 to stop the practice following a customer complaint.
US-based consumer watch group Household - HSBC Watch said the practice is similar to charging high rates and fees for predatory loans while giving grants to the same people HSBC is gouging.
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