On February 17, 2009 HSBC was sued in Alameda California. The complaint alleges that HSBC Finance Corp, doing business as HSBC Retail Services, continued to bill a customer under a merchant agreement with Levitz Furniture. The furniture was never delivered, as Levitz was bankrupt.
Archive for » February, 2009 «
Category: HSBC Merchants
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This is a submitted comment: RE - No raises for HSBC employees.
HSBC cares about its employees as much as it does its customers. The bottom line is money. Employees have taken big hits in income with this company and then to slap them in the face without even giving a cost of living increase while dumping more work on them is a disgrace.
Category: Jobs and Layoffs
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What does HSBC have in common with Saxon Mortgage? Both love to call account holders to the point of annoyance. Both have been accused of being predators. Both companies deal in subprime. Both are poorly rated and have many complaints on file. Both seem to have issues with holding payments until the payments are late. That is where Saxon Mortgage, now owned by Morgan Stanley, and HSBC actually differ.
Category: Stop Abuse 2009
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Eric Knight, the activist investor, will ramp up his campaign against HSBC with renewed calls for the troubled banking group to dump its struggling US loans business amid fears that write-downs for 2008 could balloon to $20bn or more. Even with more huge write-downs HSBC plans to pay bonuses to some, as HSBC chief executive Michael Geoghegan is believed to be in line for a bonus of more than $2 Million.
Category: Jobs and Layoffs
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First there was Bernie Maddoff and HSBC. Now there is Allen Stanford and HSBC. Financial authorities in the Caribbean seized control of Allen Stanford’s key banking operations today as a global investigation deepened into allegations of an $8 billion fraud at the heart of the billionaire entrepreneur’s business empire. The SEC wants to talk to him too.
Category: General News
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