HSBC received some good news after a positive comment from Goldman Sachs. The US bank reckons that HSBC Finance will stop being a major drag on HSBC’s earnings from 2010 onwards, earlier than previously expected.
Archive for » August, 2009 «
A former HSBC employee from Virginia sent this information: “I too have an HFC mortgage which I obtained while an employee of HSBC. I was quoted a payment over almost $2000, not including taxes and insurance which I knew I could not afford long term but signed as they told me I would have an in-house score and if payments were made on time would be able to refi at a lower than 9.75% rate in one year.
Category: Afterthoughts
Leave a Comment
I was an employee of HSBC until a week ago. The company let about 34 of us go from the correspendence disputes departmart. HSBC said due to business reasons but I have to say if you looked at us you would have been surprised. All of the seniors, those with health issues and the higher paid were let go. Did not matter that most of us were the ones that worked anything we were given without complaint and were the ones who always said we will do it before being asked to.
Category: Jobs and Layoffs
Leave a Comment
The days of Household International and HSBC are gone. HSBC closed HSBC Finance just in time, but new proposed federal laws would have taken away their business anyway. Here are some of the proposed changes:
Category: Subprime
Leave a Comment
DURHAM, N.C. (CN) - A woman says she fell behind on credit card payments when she got cervical cancer, and HSBC Finance Corp. knew this, but its bill collectors abused her with racist epithets in dunning phone calls. She says her 3-year-old child heard the racist language and “began repeating the epithet.”
Category: General News
Leave a Comment
