Someone who borrows $100,000 for 30 years at 8 percent interest will pay about $150 more a month than a borrower who receives the same size loan at an interest rate of 5.75 percent.
An estimated thirty to forty percent of borrowers that received a sub-prime loan qualfied for a regular loan. Instead, they pay […]
Sunday, 14 November 2004
Reported by the Gulf Daily News - Voice of Bahrain
Iraqi bank contracts
WASHINGTON: The US-led post-war government in Iraq awarded business to two multinational banks fined for violating US sanctions against Iraq during the regime of Saddam Hussein, records show.
The US-appointed interim Iraqi government awarded one of the first foreign banking […]
Nov 12, 2004
The Hong Kong and Shanghai Banking Corp. (HSBC) will transfer some of the operations of its global processing center of its main unit in Hong Kong and in the US to the Philippines by end of next year, picking Manila ahead of other Asian countries such as India, Sri Lanka, Malaysia and Indonesia. […]
Everything about you, from your social security number to your home address, must be transmitted overseas if HSBC continues to moves jobs to India and other countries.
How will that data be transferred? Will the information be protected under U.S. laws, U.K. laws, or the laws of the country in which the records are used? […]
Everything about you, from your social security number to your home address, must be transmitted overseas if HSBC continues to moves jobs to India and other countries.
How will that data be transferred? Will the information be protected under U.S. laws, U.K. laws, or the laws of the country in which the records are used? […]
Household - HSBC Watch discovered that on November 15, 2002 - “HSBC Chairman John Bond says he is confident regulatory issues have been resolved. ” Bond was speaking about Household International just before HSBC purchased the troubled predatory lender.
But, in the summer of 2004 the Shea v Household Lawsuit alleges that Household imposed certain […]
HSBC North America Holdings Inc is the holding company for all of HSBC’s U.S. and Canadian businesses, including Household International.
1. HSBC Bank USA, National Association
2. HSBC Bank Canada
3. HSBC’s consumer lending business operates in the United States under the HFC and Beneficial names.
4. HSBC Mortgage Services purchases and services non-conforming residential […]
Most predators solicit their clients. If you passively go with a loan provider who solicits you, the risk of getting a predator is high. Since most loan providers are not predators, the risk of getting one is much lower if you throw a dart at the loan providers listed in the yellow pages. Of course, […]
Bank of Bermuda, which became a member of the HSBC Group in February 2004, was once the target of SEC investigations.
In 2001a Florida federal judge approved an SEC-determined class action settlement for Ponzi scheme allegations. The commission alleged that Bank of Bermuda (nasdaq: BBDA - news - people ) raised more than $300 million dollars […]
Kambay International (proposed: KBAY) began the road of completing an IPO, with its filing today with the Securities and Exchange Commission. The firm is a global provider of information technology or IT services dedicated to the financial-services marketplace. As the name implies, some of the firms IT operations are located in labor-cheap India.
The company, in […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
