We are still getting details on this matter, and firming up the dates. You get the basic idea, although firm dates and details are forthcoming. This input was submitted via email, and is in the early stages of development:
Archive for » June, 2009 «
Category: Jobs and Layoffs
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Is this a sign of what HSBC is thinking, or is HSBC preparing for more credit card losses? HSBC said Friday that it has sold its 49 percent holding in HSBC Merchant Services LLP (HMS), the card processing joint venture that serves its U.K. business clients, to its partner in the venture, Global Payments Inc., for a consideration of $307.7 million in cash.
Category: General News
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HSBC has decided to stop its retail lending in Hungary and end its activities in the country within three years, laying off 282 staff, Index.hu reported on Tuesday.
Category: Emerging Markets
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Yes, according to Hoovers, this is the same Beneficial Mortgage Corp that Americans love to hate. The U.S. Department of Housing and Urban Development’s Mortgagee Review Board has suspended Beneficial based on evidence of serious violations under HUD’s regulations. This is Beneficial Mortgage Corporation of San Juan, PR.
Category: General News
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First it was the United States. Now it is Mexico with new credit card laws. In May, Mexico’s Senate approved a proposal to curb hefty credit card interest rates and limit account maintenance fees and other bank charges. The country’s lower house has yet to vote on the legislation.
Category: Emerging Markets
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