Official: HSBC drops dozens of London consulates

LONDON (AP) ? A London-based consular official says that HSBC bank has dropped dozens of foreign missions in London.

Bernard Silver, who serves as president of the Consular Corps of London, said that diplomats across the capital had been left scrambling to find a new bank after being told that HSBC would soon close their accounts.

Silver said he'd been told by British officials that more than 40 different embassies, consulates, and high commissions had been affected.

HSBC said Saturday there were a range of reasons for dropping the missions. The bank was reviewing all its businesses and "embassies are no exception."

Britain's Foreign Office declined to confirm the number of missions involved, saying only that it had sent an unspecified number of diplomats advice on finding a new U.K. bank.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-08-04-Britain-HSBC-Embassies/id-03a2e9c47bc448a891b059b358123db7

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