In December the New York Stock Exchange (NYSE) fined HSBC Securities $500,000 for failure to preserve electronic communications from early 2000 through September 2002.
Previously a source at the NASD confirmed that it is also investigating the former brokerage. [See: “Informer“] This was warranted, the former employee says, because there had been a host of regulatory […]
” The World Bank has identified corruption as the single greatest obstacle to economic and social development. It undermines development by distorting the rule of law and weakening the institutional foundation on which economic growth depends. The harmful effects of corruption are especially severe on the poor, who are hardest hit by economic decline, […]
Suzuki has been selling vehicles in the United States for 20 years, and it hasn’t won anything yet. Over two decades, the Japanese automaker has averaged a miserable 45,000 sales per year in this country, according to Forbes. One must ask why Suzuki never took off. Disregarding complaints of rollovers in 1988 regarding […]
The United States Department of Justice was a very welcomed visitor to Household - HSBC Watch on February 24, 2005. The DOJ studied issues presented by consumers and shown on www.householdwatch.com
“Hopefully we painted a good picture of consumer abuses and predatory lending” said a representative of Household - HSBC Watch. […]
William F. Aldinger, former CEO of troubled predatory lender Household International and now Chairman of HSBC North America, is also on the board of directors of AT&T. Aldinger has a law degree and also sits on the board of Mastercard International. Here is the latest report (February 24, 2005) from Federal Regulators:
WASHINGTON — […]
With a short email which said “Very interesting website. I’m the “Shea” in Shea v Household” the volunteers at Household - HSBC Watch were thrilled to hear from James B. Shea. Mr. Shea went on to say he tried to reason with Household International - HSBC but they refused. Even though Household- […]
When asked about foreclosure avoidance Household HSBC Watch, a US based consumer watchdog organization, has simple guidelines. Avoid Household International, HSBC, Beneficial Finance, Household Finance and Decision One Mortgage. When you finance or refinance with a lender that you like, include a page in the contract which forbids the lender (or broker) from […]
FBI OPENING THREE TO SIX NEW $100 MILLION
CORPORATE FRAUD CASES EVERY MONTH
WASHINGTON, D.C. FEBRUARY 23, 2005
Maybe Sarbanes/Oxley doesn’t worry some corporations and companies.
In testimony delivered before the Senate Intelligence Committee last week, Robert S. Mueller III, the director of the Federal Bureau of Investigation (FBI), said that the FBI is pursuing 334 corporate […]
It is known within business and marketing areas that approximately 4 percent of consumers actually write complaint letters or voice their complaint. On the other hand, over 70 percent of consumers never do business with the company again. Unfortunately in the financial arena it is more difficult to cut one’s ties with an […]
Conal Walsh
Sunday February 20, 2005
The Observer
HSBC has been drawn into an inquiry by Eliot Spitzer, New York state’s attorney-general, into allegations of financial mismanagement at the World Jewish Congress, the US-based lobbying group. The high-profile prosecutor is expected to seek details about an account at one of HSBC’s London branches that was allegedly […]
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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.
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