Peredur Criticises Bank for Putting Profit before People

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Reacting to the news that HSBC is to close two branches in his region, Peredur Owen Griffiths MS, who represents South Wales East for Plaid Cymru, said: “It is very disappointing to hear that HSBC plans to close their premises in Abergavenny, Blackwood and Pontypool next year. 

“This decision – taken by a company that made after tax profits of more than $3 billion in the last financial year – will leave many vulnerable and elderly customers high and dry.

“Not everyone is familiar or comfortable with internet banking and not everyone is online. The digital divide in Wales is a real problem, especially when essential services like banking go online.

“This will force certain customers to travel further afield, at a greater cost to themselves, to do the things they could once do within their own community.

“Profits have been put before people by HSBC and that is a retrograde step.”

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  • Gareth Llewellyn
    published this page in News 2022-11-30 15:34:34 +0000

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