[2014-01-25] HSBC Bank Refuses to Let Customers Withdraw Large Sums

[medicine]

http://www.huffingtonpost.co.uk/2014/01/25/hsbc-moneybox_n_4664439.html

Not directly a bitcoin news story, but so sooooo connected.  This is what we are dealing with when we are talking about big banks.

Good news for btc.

Peace

[1714157571]

1714157571

[FeedbackLoop]

They had to backtrack with the limits:

http://www.zerohedge.com/news/2014-01-26/furious-backlash-forces-hsbc-scrap-large-cash-withdrawal-limit

[Kluge]

It's funny... the only reason few people use certificates of deposits anymore is because demand deposit accounts quietly morphed into certificates of deposits without anyone noticing.

[guybrushthreepwood]

http://www.huffingtonpost.co.uk/2014/01/25/hsbc-moneybox_n_4664439.html

Not directly a bitcoin news story, but so sooooo connected.  This is what we are dealing with when we are talking about big banks.

Good news for btc.

Peace

This isn't Bitcoin related really. Another thread discussing it here: https://bitcointalk.org/index.php?topic=431572.0

[FeedbackLoop]

Since this is a bit of an offtopic news I will take the liberty of re-using it to post this also related piece:

http://www.bloomberg.com/news/2014-01-27/top-trades-in-disarray-amidst-emerging-market-rout-currencies.html

BTC/USD/EUR looks very stable compared with a ton of other currencies these last few days.

[aigeezer]

http://www.huffingtonpost.co.uk/2014/01/25/hsbc-moneybox_n_4664439.html

Not directly a bitcoin news story, but so sooooo connected.  This is what we are dealing with when we are talking about big banks.

Good news for btc.

Peace

The comments on the story at huffpo are many and varied, but at least one mentions BTC (Sun, 01/26/2014 - 18:09 | 4369342 Spanky) so maybe that technicality makes it eligible here? Fascinating find in any case.

Consensus seems to be that it's a blip rather than The Beginning of the End, but who knows?

[zeroday]

http://www.bbc.co.uk/news/business-25861717

[BitchicksHusband]

When are people going to learn to vote with their dollars?  If that was my bank I would speak to the manager and close my account immediately on the spot.

If they blocked that, I would open another account at a different bank and transfer £2000 a day until the account was empty.

[indiemax]

Plenty of shit banks in the Uk and this is one of the shityist

[knightcoin]

Plenty of shit banks in the Uk and this is one of the shityist

very true

[hilariousandco]

When are people going to learn to vote with their dollars?  If that was my bank I would speak to the manager and close my account immediately on the spot.

If they blocked that, I would open another account at a different bank and transfer £2000 a day until the account was empty.

If we take away our money we take away their power.

Plenty of shit banks in the Uk and this is one of the shityist

Haha, pretty much, closely followed by Barclays.

[knightcoin]

When are people going to learn to vote with their dollars?  If that was my bank I would speak to the manager and close my account immediately on the spot.

If they blocked that, I would open another account at a different bank and transfer £2000 a day until the account was empty.

If we take away our money we take away their power.

Plenty of shit banks in the Uk and this is one of the shityist

Haha, pretty much, closely followed by Barclays.

the only problem with Barclays is that they sell for a more than a 10 years account holder a shit insurance called "lifestyle Service Group Ltd."

[knightcoin]

When are people going to learn to vote with their dollars?  If that was my bank I would speak to the manager and close my account immediately on the spot.

If they blocked that, I would open another account at a different bank and transfer £2000 a day until the account was empty.

If we take away our money we take away their power.

Plenty of shit banks in the Uk and this is one of the shityist

Haha, pretty much, closely followed by Barclays.

the only problem with Barclays is that they sell for a more than a 10 years account holder a shit insurance called "lifestyle Service Group Ltd."

and their account will match defcon judgment day ...