HSBC Restricts Large Cash Withdrawals

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blackzeus

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I don't see this as news, when I was there a few years back I couldn't withdraw more than RMB 150,000 in cash at the bank, and at the ATM I think it was like RMB 8000 or something like that, even if you sign up for that stupid HSBC Premier. It must be a normal thing to withdraw large amounts of cash over there though because they give out these little doggie bags for your cash. But I was a foreigner so I thought it was normal, that sucks if it applies to citizens too. :wow:
 
Crakface

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Next thing they're gonna say *no large debit card purchases* :laff: After that cartel scandal they lost all the customer money they lent.
 
Kritic

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It would appear the fears of a global bank run are spreading. From HSBC's limiting large cash withdrawals (for your own good) to Lloyds ATMs going down, Bloomberg reports that 'My Bank' - one of Russia's top 200 lenders by assets - has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia. Russia sovereign CDS had recently weakned to 4-month wides at 192bps.
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newarkhiphop

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i keep on my money cash minus a hundred or two , the end is near brehs.
 
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