Household HSBC Watch

Referencing Delaware Online from March 27, 2003:
“State Insurance Commissioner Donna Lee Williams on Wednesday approved the $14 billion acquisition of Household International Inc. by HSBC Holdings Plc - including Household’s two Delaware-based credit insurance subsidiaries. But Williams, calling a recent $484 million national predatory lending settlement by Household “a matter of great concern to me,” […]

PROSPECT HEIGHTS, Ill., Nov. 8 /PRNewswire/ — More than 3.5 tons of paper were recycled recently by HSBC - North America as part of a large-scale effort to recycle paper products branded with the financial service firm’s former name, Household International.

As part of the company’s name change to HSBC, the company-led recycling program included items […]

No matter what name you put on it - predatory lender Household International or HSBC (they are the same company) K-Mart has aligned their customers with the troubled credit card operation in an attempt to build “K-Mart customer loyalty.” Is K-Mart headed into bankruptcy again after this move? Time will tell.

November […]

Alan and Linda Townsend were unhappy with the sprayed-on siding applied to their house, the frustrated couple launched a Web site to complain. They provided a format for others to complain as well.

Their efforts resulted in legal efforts against the couple. Companies routinely go after individuals when they feel people are maligning them […]

Exorbitant “change of control” payouts to US executives are not uncommon. In 2003, William F Aldinger III was awarded $20.3m after HSBC bought the consumer finance company Household International. Like Mr Meyer, Mr Aldinger was kept on.

Former troubled and predatory lender Household International is now called HSBC North America Holdings. Some analysts speculate Household’s […]