Skip to main content

To: Ian Stuart, CEO of HSBC and HSBC shareholders

HSBC demands charities to fund millionaires. Shouldn't it be the other way round?

This campaign has ended.

HSBC renamed their "Community Account" to "Charitable Account" and they are now charging fees for what used to be a free account, which hurts small charities in particular. What is charitable about this? At the same time they are paying millions of Pounds as bonuses to their "top performers". It is time to show generosity and heart instead of maintaining the bad image of greed and self-absorption. The amounts involved are small for the bank, but have a big impact on charities.

Why is this important?

HSBC has not the best track record in regards of being ethical and I don't want to focus on their recent scandals. As (volunteer) treasurer of a small charity I am shocked and saddened about the cynicism that HSBC shows by renaming their Community account to "Charitable" account and starts charging fees! Where is the charity in this? HSBC is regularly making headlines about splashing out on huge bonuses for their staff on the very top, well deserved or not. This means that charities are now paying for these bonuses! £60+p.a. is not a lot if you are a millionaire, but it really hurts any small charity with a shoestring budget. As our suggested donation is £40 means that we need to find 2 more supporters to fund HSBC bonuses. HSBC can easily afford to cover the costs of charity accounts and still give their staff massive bonuses.

Category

Updates

2022-02-23 08:41:22 +0000

10 signatures reached