HSBC is evacuating Japan

Following up this article..4 major Japanese corporations are evacuating to Osaka

The Hongkong and Shanghai Banking Corporation is going to withdraw from Japan.

On 2/22/2012, they announced they will close their retail banking service called HSBC premier, which they have been serving in Japan since 2008.

The customers were informed by email, sent at 20:30 2/2/2012 all of a sudden though HSBC has been denying the possibility of their withdrawal from the premier service for people who have the assets of more than 10 million yen.

They are going to close the Nagoya branch on 4/27.

Hiroo, Yokohama, Akasaka, Marunouchi, Oosaka branches will be closed on 7/31.

Marunouchi alpha, Akasaka alpha, ATMs of each branch, ATM at Narita airport, ATM at Nihonbashi HSBC building will be closed on 7/31 as well.

They already stopped opening new account on 2/23/2012.

HSBC has been involved in Japanese financial industry since over 140 years ago.

Japanese retail banking market is assumed to be 1471 trillion yen scale. HSBC has been competing with Citi group, Standard Chartered, Mizuho Bank or Mitsubishi UFJ financial group.

 

HSBC is evacuating Japan

 

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