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Archive for » June, 2009 «

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.

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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.

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The largest shareholder in HSBC has offered for the first time public
support for activist investor Eric Knight and urged the bank to answer questions
he has raised over the bank’s strategy.

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How does HSBC compare to others? That is a question many people ask. When your credit card is handled by HSBC the answer may shock you. For example:

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I worked at HSBC Card Services for over 15 yrs +. On Apr 9 myself and around 119 fellow employees were let go. We were not given any prior notice even though follow up news articles stated 30 days was given for some employees. Has anybody that you know of filed a violation of the Federal Warn Act against HSBC, or are they not affected by this Law? Thank you for your attention in this matter.