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HSBC leaving Turkey

Posted: Tue 19 May 2015 4:42 am
by LooseBoots
report in the times and Financial Times indicate that HSBC are leaving Turkey

http://www.4-traders.com/HSBC-HOLDINGS- ... -20218698/

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 5:04 am
by Groucho
Oh no that will mean the end of the HSBC lounge at Ataturk!

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 7:19 am
by mrsgee
My understanding is they are looking to pull out of the Turkish Banking operation which has a separate banking licence. They want to sell to another bank. I think that the Lounge may still be there, not that I bother to use it, never have enough time between changing planes. Reuters have been reporting on it for several weeks now.

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 8:29 am
by Owl Lady
Will anyone tell us here, or will we find a note on the door one morning. "Gone Away"?

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 10:32 am
by Keithcaley
well I won't miss 'em

Useless!

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 12:02 pm
by tomsteel
Any HSBC TRNC user asked their bank yet?

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 12:48 pm
by ozankoys
Would think TRNC HSBC will be the last to know what's going on!

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 1:08 pm
by Groucho
They'll be sh***ing bricks - they might actually have to work for a living! When they'd rather be around the corner smoking.....

Re: HSBC leaving Turkey

Posted: Tue 19 May 2015 1:23 pm
by Kavenkoy
Big restructure going on in HSBC as my friends daughter worked for them last year ,made redundant .
last week they made UK news when they said they were planning to close canary wharf and relocate that to Singapore .

Mostly I would think turkey has stronger brands backed by its people in turkey as opposed to foreign banks .

Kav