This menu shows you other areas of this website and various areas of interest. It is a quick locator.
You are currently in a library. This takes you to the top level of Household - HSBC Watch consumer advocates and watchdogs
This takes you to the complaints library and all recent complaints about HSBC, HFC, Beneficial Finance, and their merchants since 2007
Monitor the latest news about HSBC Plc, HSBC USA, the bank and HSBC Finance Corp from around the world in this watchdog area
See articles, stories, and complaints about HSBC and Household International since 2005 in this interactive library
Submit your complaint to our watchdogs. We perform trend analysis and need your help. Complaints are noted by type and processed
Get help with this one-click form just by entering your zip code in this form. You can even contact the media
You're browsing: HSBC News » General News » Article Title: HSBC not alone in cutting credit lines
14
May
HSBC not alone in cutting credit lines
Volunteer

Did HSBC reduce your credit line? Did your available credit drop in recent months? HSBC has company in this arena.

Recent quarterly reports confirmed the rapid reduction in consumers’ credit card liquidity through pulled credit lines. In aggregate, Bank of America, Citigroup, and JPMorgan Chase, which represent three-fifths of all unused credit lines, cut $320 billion in lines during the first quarter of 2009.

HSBC is ranked in the other two-fifths.

Related posts:

  1. Consumer credit scores are based on five primary factors
  2. HSBC ranks lowest in Mexico credit card test
  3. HSBC bought credit default swaps from AIG
  4. HSBC drops again overnight as investors move out
  5. Credit card debt crushes HSBC and others

   Digg   Del.icio.us   StumbleUpon   Reddit   RSS  
Send your report, complaint, or horror story for trend analysis Submit Your Report

Find specific results on any of our sites: Category: General News
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply

You must be logged in to post a comment.

« HSBC spent $21m on lobbying activities in Washington
Civil judgement against William F. Aldinger reflects on HSBC, others »