HSBC asks foreign diplomats to close accounts


Nick Renaud-Komiya
The Independent
August 5, 2013

HSBC has asked foreign diplomats in London to close their accounts as part of efforts to reduce business risks.

Among those who have been asked to stop using the UK’s biggest bank are the Vatican, Papua New Guinea and the west African nation of Benin.

More than 40 embassies, consulates and high commissions are said to be affected, with their position made worse by other banks’ refusal to take their custom.

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