Quote:
Originally Posted by sweeps
Or can they no longer afford NOT to be competitive? Banks are hording cash right now. I don't think HSBC would want to lose its depositors at this point in time.
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Basically HSBC is in the proverbial situation of being caught between a Rock and Hard place and for that reason alone I would not want to have my money with them. I prefer to have it at my CU and military bank (USAA) whose first loyalty and priority is its members.