What follows is an unsolicited editorial. I will not give the initials of the sender: “I am glad your site continues as the main watchdog against HSBC!
You have published many of our issues and of course they were drummed out of the USA!
Archive for » August, 2009 «
Category: Afterthoughts
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Did you know this simple fact? HSBC, which has a large portfolio of U.S. credit-card customers, now generates better results with its subprime credit-card businesses than the portfolio that includes more-creditworthy customers, North America Chief Executive Brendan McDonagh said in a conference call Monday.
Category: Subprime
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The pension plan deficit of HSBC ballooned over the first half of the year thanks to collapsing corporate bond yields, in the latest examples of corporate pension plans coming under severe pressure in the wake of the financial crisis.
Category: Jobs and Layoffs
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Results are in for HSBC, and HSBC Finance – formerly Household International – continues to take a toll. HSBC Finance Corp. took an impairment charge of $7.3 billion for the first half, down from $8.8 billion in the second half of 2008. It took a $6.6 billion charge in the year-ago half. Of the of $7.3 billion first-half charge, the division took a $3.9 billion in the first three months of 2009, it reported at the time.
Category: General News
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