Peredur Criticises Bank for Putting Profit before People


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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