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Tuesday 10th of February 2009

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August 6, 2008

HSBC in bride and groom protest

by Gill Montia

Story link: HSBC in bride and groom protest

HSBC is being targeted by couples whose wedding presents have been placed in jeopardy because Wrapit, the online wedding gift company, has been forced into administration.

When the firm closed earlier this week, up to 2,000 couples had not received wedding presents that had been paid for by their friends and relatives.

Wrapit’s managing director, Peter Gelardi, has squarely blamed HSBC for the firm’s failure, accusing the bank of withholding credit card and debit card income.

He has also suggested that making refunds to customers would cost the bank £4 million, while supplying the gifts would cost £3 million.

Making use of social networking site, Facebook, some of the people affected by the demise of Wrapit have arranged a protest outside HSBC’s Canary Wharf headquarters, this afternoon.

Protestors are being encouraged to wear wedding outfits and the group will be handing in a petition calling on HSBC to give customers the choice of whether to receive their gifts or a refund.

Administrators at KPMG have defended HSBC’s role in the failure of Wrapit and say they are working with the bank to provide a speedy resolution for couples and those who have purchased gifts.

 

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