HSBC does not prevent large checks written only cash withdraws without some safeguard procedures. Unlike Cyprus where all types of withdraws are limited to 300 Euros per day. I would not read into the HSBC policy YET. If HSBC limits all types of withdraws and demand reasons for it, then I would be alarmed. I can see what they are doing as precaution against ID fraud for large cash withdraws.
I hope you’re right.
And then there’s this:
http://www.cnbc.com/id/101364477?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=101364477|Asian%20stocks%20set%20for%20loss
“Asian equity markets are expected to kick off the week with losses after a sharp sell-off in emerging-market currencies last week spooked investors.”