Archive for March, 2005

When will law enforcement stop HSBC Madness

Complaints continue to pour in at Household - HSBC Watch regarding HSBC’s predatory lending facility HSBC Finance Corporation. Formerly known as troubled predatory lender Household International, customers of this HSBC subsidiary report the following problems daily, and in mass:

1. Not receiving statements
2. Unable to pay online
3. Payments applied late
4. Unwarranted late fees
5. Interest […]

HSBC Lags Behind Competitors

Did HSBC’s purchase of predatory lender Household International have an effect on perceptions of HSBC? Household - HSBC Watch says it is is possible as they report a 600 percent increase in visitors from Asia and the Pacific Rim.

March 21 (Bloomberg) — HSBC Holdings Plc, the biggest corporate lender in the Asia-Pacific […]

Update Best Buy Address and Phone

New brief - Updated information for contacting consumer electronics retailer Best Buy (BBY)
Best Buy Stores Inc.
7601 Penn Avenue South
Richfield, MN 55423
(612) 291-1000

(updated - corrected business name)

What a CFO’s Certification Looks Like

Here is a public record of what a CFO’s certification acutally looks like.
Certification of Chief Financial Officer

I, Simon C. Penney, Senior Executive Vice President and Chief Financial Officer
of Household International, Inc., certify that:
1. I have reviewed this report on Form 10-Q of Household International, Inc.;
2. Based on my knowledge, this […]

About HSBC Finance and Decision One Mortgage

Consumer watchdog organization Household - HSBC Watch wants to clarify a question commonly asked on their consumer hotline. “Many people don’t yet realize that HSBC Finance is the former troubled and disgraced predatory lender Household International” said the group. “But if they are on our web site and calling our hotline they just […]

Beverley Sibblies is Chief Accounting Officer for Household and HSBC

HSBC - North America announced on November 3, 2004, the appointment of Beverley Sibblies as senior vice president and chief accounting officer of Household International, Inc., effective November 1.

In that role, Ms. Sibblies will lead all accounting activities for the company, including financial planning, management reporting, accounting controls, accounting policy research, external reporting and financial […]

Kevin McCarthy Responsible for HSBC Insurance

2/25/2005 1:28:00 PM
BRIDGEWATER, N.J., Feb 25, 2005 (BUSINESS WIRE) — HSBC Insurance has named J. Kevin McCarthy Managing Director of Insurance Sales and Business Development for North America. In this newly-elevated position, he will be responsible for the development and distribution of all HSBC North American business units insurance products.

Consumer watchdog organization Household - HSBC […]

Bad loans threaten economic stability

China Peoples Daily, March 25, 2005
China’s banking regulator said it would soon carry out on-the-spot checks on the accuracy of loan classifications. The China Banking Regulatory Commission said it would check loans at 10 commercial banks that had diverse shareholdings.

They included Bank of Communications, in which HSBC Holdings Plc. owns a one-fifth stake and […]

HSBC Hong Kong Employee Disappears

On March 25, 2005, China News reported that the former chairman of China Construction Bank Zhang Enzhao resigned for “personal reasons” last week, a day after Hong Kong media reported that he was suspected of corruption and put under house arrest.

His son Zhang Jigang, who goes by his Cantonese alias Cheung Kei-kong, has since […]

HSBC Competitors Growing Stronger

Are Americans showing HSBC their disgust for predatory lender Household International, now part of HSBC and called HSBC Finance Corporation? Are HSBC customers tired of late fees and not receiving statements each month? “It appears so based on earnings” said consumer watchdog organization Household - HSBC Watch. “reputation also has a lot […]