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Wed 16 Mar 2011 03:10 PM

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StanChart, HSBC close all Bahrain branches

Standard Chartered has seven branches in Bahrain and HSBC has four branches

StanChart, HSBC close all Bahrain branches
(Getty Images)

Standard Chartered and

HSBC Holdings said they have closed all their branches

in Bahrain on Wednesday, after Bahraini forces clashed with

protestors.

Bahrain on Tuesday declared martial law to quell worsening

sectarian unrest that has sucked in troops from fellow

Sunni-ruled neighbour Saudi Arabia.

StanChart has seven branches in Bahrain and HSBC has four

branches, making them two of the leading foreign banks in the

country. They had each kept two branches open on Tuesday.

Both banks said their priority was the safety of staff.

StanChart has 500 employees and HSBC has 334. All were safe. The

banks said other banking operations, such as ATMs, were

operating as usual.

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Bestman 9 years ago

Its quite sad that one of the nice city -Called as Financial Hub of GCC -Al Bahrain inspite of gradual growth and development in the past is very much affected by these divided citizens.
People who are destroying others and thier own land should think again that the way of fighting for something in this manner will not reach anywhere.They have to discuss and they have to maintain tolerance for getting their own rights whatever might be..Union is strength and if divided nobody will listen to them..even your friends....Now these innocent fighters are going to be killed or made to fall down by thier own countrymen and own GCC friends -Soldiers.Religion is different and Governance-Administration is different that the citizens should understand.Every country has divisions among group of citizens but tolerance..friendliness that make them good and progressive.Not fighting with weapons and selfish attitude.May Allah the almighty whom all our muslim friends prayunited should bring peace soon.