A report from Nevada says: “HSBC Card Services, managed reviews to a percentage so that upper managment could “lay off” those that had high morale character. There are employees that have access to accounts yet they are working for HSBC competitors. If one knows how to kiss ass and make threats to those not meeting goals, those individuals get to keep their jobs. IT IS A TOXIC COMPANY, AND THE TOXIN BEGINS AT THE TOP.”
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A New Jersey former employee said: “I worked for HFC and BFC for the past 4 years and have recently left because of the constant insanity. The pressure to get that 1st mortgage (that doesn’t make any sense!), making sure you “planted all the right seeds” to ensure you sold your Life Insurance, Disability Insurance and Involuntary Unemployment Insurance BENEFITS to a customer who either had enough already or really couldn’t afford the loan payment the way it was — let alone the additional $120 more I just tacked on for my Managers pocket and a $2000 Home and Auto BENEFITS policy that the customer probably wouldn’t use.
Category: Employment Issues
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This was received from New York state and is the opinion of the person who submitted it, who shall remain anonymous: “D9 abuses from a former Presidents Council employee.
1. Stated income equals FAKE income. An unfortunate truth was that 90% of all loans written using this partial stated income program was false. Daniel Shaunessy and his Management team led the way in encouraging these abuses.
Category: Employment Issues
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WM in Ohio said: “In response to: Employment tribunal hears from HSBC former employee in London…
HSBC is a boys club certainly. I heard in one branch they only gave the females the loans the males couldn’t get… “leftovers”. I don’t have that problem in my branch because we haven’t had a female employee in a few years as a loan officer. There is different treatment of females, less respect and the language that goes on is unbelieveable.”
Category: Employment Issues
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An Ohio resident said: “One thing that keeps bothering me in a lot of posts is that they keep referring to Household. HSBC now is the owner and now is responsible for its own actions. HSBC is the troubled lender and from what I read on here, they seem just as bad if not worse. Their treatment of employees is even worse now. Also, they are denying a lot of what would be considered “their customers” in the sub-prime, but yet they don’t compete with the prime market. They’re lucky if they sign one real estate loan per branch per month. Anonymous.”
Category: Employment Issues, General Issues
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