HSBC joins list of companies evacuating Japan

HSBC joins list of companies evacuating Japan

The global banking conglomerate HSBC has announced they will be shutting down their business and offices in Japan and evacuating to Osaka

Previously, the Fukushima diary reported on 4 major global corporations packing up their bags and evacuating Japan.

4 major Japanese corporations are evacuating to Osaka

On the regular press conference of Tokyo mayor on 2/24/2012, it turned out that 4 major Japanese corporations are moving the head offices from Tokyo to Osaka.
The companies are

Mitsubishi Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd
Sumitomo Mitsui banking corporation


Source: The Fukushima Diary

Today, as a follow up to that article, The Fukushima diary reports that HSBC is joining the list of conglomerates evacuating to Osaka

HSBC is evacuating Japan

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 accounts 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.


Categories: FUKUSHIMA

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