HSBC is cutting 1,700 administrative jobs in U.K., more than 4 percent of its workforce in Britain. HSBC will eliminate the roles in Southampton, Sheffield and Southend, England, “over the next year,” the London-based bank said in an e-mailed statement today. The restructuring will also create several hundred new jobs, the bank said.
In our ‘Afterthoughts’ category we present a report from a former employee: “I worked for Beneficial Finance and the company was purchased by HFC (Household International). I know for a fact that one of my co workers, who later became a manager, was inflating values of homes so she could make a mortgage loan.
Category: Afterthoughts
Leave a Comment
2006 - 2008 — William F. Aldinger, 61, retired as President, Chief Executive Officer and Chairman of the Board of Directors of Capmark Financial Group Inc., a commercial real estate finance company, in December 2008, positions he had held since June 2006.
Category: Afterthoughts, General News
Leave a Comment
HSBC Middle East apparently missed its own deadline for issuing debit cards to 400,000 UAE customers. It’s not as if debt cards are a mystery or difficult to control from a software standpoint. None the less HSBC Bank Middle East will delay distributing debit cards to its 400,000 customers, bank officials confirmed yesterday.
Category: Emerging Markets
Leave a Comment
By a vote of 39-29, mostly along party lines, the House Financial Services Committee approved a measure establishing a Consumer Financial Protection Agency to monitor mortgages, credit cards and other consumer financial products.
Category: Stop Abuse 2009
Leave a Comment
