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Archive for November, 2004

Household Watch Gains Popularity

Seems that the general public is very aware of identity theft, credit card issues and the need to do Internet research. We restarted our server yesterday - actually 27 hours ago. Over 1 million queries have already been sent to the database server, as shown here:

This MySQL server has been running for 1 days, […]

Gottschalks credit card is Household International

The Gottschalks credit card is offered and administered by Household Bank (SB), N.A. (Household). This according to Gottschalks web site. Updated data should reflect HSBC, however it is all Household International anyway.

While the company missed the market’s all-important consensus EPS — in this case, actually, it’s losses per shares — estimate, Gottschalks still […]

HSBC’s operations in Iran

The HSBC Group is represented in Iran by HSBC Bank
Middle East, which opened a representative office in
Tehran on 1 September 1999.

The Group has had a long
involvement with Iran going back to the late 1800s. More
recently the Iranian operations of The British Bank of the
Middle East, the former name of HSBC Bank Middle
East, were nationalised […]

Compliance at HFC and Beneficial

In November 2004 Household - HSBC North America announced the appointment of Frances A. Bedekovic, former Acting Secretary of Banking of the Commonwealth of Pennsylvania, as vice president, policy and compliance for the company’s consumer lending division. In this position, Bedekovic will oversee operational compliance at Household’s HFC and Beneficial consumer lending subsidiaries.

Aldinger Overview From AT&T Web Site

William F. Aldinger
Age:56
Director Since: 2003
Mr. Aldinger is Chairman and Chief Executive Officer of HSBC North America Holdings Inc., a financial services company. He joined Household International, Inc., a predecessor company, in 1994 as President and Chief Executive Officer.

Mr. Aldinger became Chairman of Household International, Inc. in May 1996. He is a director of […]

Preview - Document on the history of predatory lending

A History of Predatory Lending With an Emphasis On Household International in America
OVERVIEW:
We decided to write this document as a lesson plan for teachers and professors. You decide if it is appropriate for the courses that you teach. Throughout the lesson you will see student questions, summaries, research questions and real life consumer […]

More Bad Press for Bond and HSBC

Sir John Bond, in the golden years of his life, wants to leave a legacy that he can be rightfully proud of. Nobody wants to go out on a bad note. Fortunately or unfortunately, one is often remembered for the major incidents preceeding retirement.

Household International in the news this month, November 2004:
1. HSBC […]

Selling Your Mortgage to a new company

Facts about Mortgage Servicing, courtesy of the Federal Trade Commission
You usually must be notified at least 15 days before your loan servicing is transferred to a new servicer.

During a 60-day grace period, you cannot be charged a late fee if you mistakenly send your mortgage payment to the old servicer and the new servicer […]

Sears and K-Mart Proposed Merger

Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.

Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]

Saks Customers Don’t Appreciate Predatory Credit Card

Motley Fool
Sad Saks
Tuesday November 16, 2:22 pm ET
By Seth Jayson
What are the odds that a retailer based in the southern U.S. would blame hurricanes for an unexpected loss last quarter? For those of you who love the old weather excuse, Saks (NYSE: SKS - News) has got you covered.

The Alabama-based retailer — yeah, […]



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