HSBC so eloquently said “”The Rights Issue enhanced HSBC’s signature financial strength and this, together with the start made to 2009, means we are well-positioned to ride out the economic uncertainty ahead, and to take advantage of opportunities to grow.”

more…

This is the dumbest idea in banking, as reported by an HSBC customer in Oregon. We hope this dumb idea does not catch on, and seriously doubt that it would meet an appeals court challenge:

more…

The Office of The Comptroller of the Currency lost a battle to protect national banks at the expense of states and the consumer. This is a major win for consumer protection, and a loss for the banks.

more…

While HSBC continues to abuse the U.S. military, that same military has helped HSBC in Iraq. HSBC sees bigger things to come in Iraq, home to the world’s third-largest oil reserves and desperate to rebuild after years of war.

more…

Franklin Templeton filed a proxy statement with the SEC late Friday to take over the management of four fixed-income funds run by HSBC Global Asset Management, according to the filing.

more…