NEW YORK – HSBC Finance Corp. said Thursday it will stop offering some tax refund loans, popular but controversial products that let taxpayers who expect refunds get their money early, but at a potentially high cost.
In a statement, the Prospect Heights, Illinois-based unit of HSBC Holdings Plc said it will discontinue “pre-season” and “pre-file” products beginning […]
LONDON — Shares of HSBC Holdings PLC fell Thursday after Europe’s largest bank by market capitalization said it is raising provisions for bad loans by 20 percent higher than the market had expected.“Foreclosures have shown a higher severity” than expected, Chief Executive Michael Geoghegan said on a conference call. “The major impact was taking into […]
A Macao-based bank accused by the United States of distributing counterfeit money said it used HSBC Holdings plc services to screen U.S. currency.
Banco Delta Asia is accused by U.S. investigators of helping Pyongyang — North Korea’s capital — distribute counterfeit money.
However, the Macao bank said it is too small to have the technology necessary to check […]
An open letter to HSBC, Knight Vinke and Stephen Green
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