On October 25, 2004 Household – HSBC Watch reported on a Nashville Tennessee court filing wherein Household International, now called HSBC Finance Corporation, was charged with alleged racketeering, influence and corruption.
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Archive for » December, 2004 «
From Reports Published: December 26 2004 20:39
HSBC plans to expand in Asia’s fledgling consumer finance market next year by using the techniques of Household International, the US company it acquired for $13bn last year, to attract lower-income customers. In an interview with the Financial Times, an HSBC representative said consumer finance lending to “sub-prime” customers who are rejected by banks because of their credit history would be launched in one or two Asian countries at first before expanding more broadly.
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Category: HSBC Global, You Should Know
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Articles continue to appear in the British press regarding Marks and Spencer. It appears the ailing retailer announced the departure of four main board directors and two other senior executives. HSBC subsidiary HSBC Finance Corporation acquired the firm’s credit card portfolio. As part of the deal Marks and Spencer receives fifty percent of profits as ongoing compensation.
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Category: Credit, HSBC Global, HSBC North America, You Should Know
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Household Watch released a toolbar for Internet Explorer. Putting HSBC Watch information at your fingertips, the free toolbar even displays the latest syndicated news about HSBC and Household.
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Dec. 23 (Bloomberg) — BNP Paribas SA and over two dozen European, Asian and African banks, including HSBC, are vying to arrange an estimated $50 billion of corporate loans in Iran. U.S. policies bar the world’s three biggest lenders — Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. — from the market.
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Category: HSBC Global, Sarbanes-Oxley, You Should Know
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