Household HSBC Watch

William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more […]

Saks gets the publicity because they use predatory lender Household International, now called HSBC, to finance their private label credit cards:

Saks shares tumble after filing delay
April 15, 2005
NEW YORK — Saks Inc.’s shares tumbled more than 7 percent Friday, after the department store operator delayed its annual report and annual meeting amid an expanding regulatory […]

A posting in the Best Buy forums addresses the Best Buy Reward Zone Club, certificates, and failure to live up to expectations. Solutions include sending complaints to:
Michael Linton
Executive Vice President
Consumer and Brand Marketing
in care of:
Best Buy Corporate Campus
7601 Penn Avenue South
Richfield, MN USA 55423-3645

PROSPECT HEIGHTS, Ill., March 31 /PRNewswire/ — HSBC - North America announced today that Thomas P. Nicholson has been appointed vice president public affairs. He will be responsible for leading the public affairs team, supporting HSBC’s consumer lending, retail services, credit card services, insurance, taxpayer financial services and consumer affairs businesses. Nicholson reports to Linda […]

News accounts detailing how credit card data might have been stolen from Polo Ralph Lauren shoppers are overblown, said Tom Nicholson, vice president of public relations for HSBC North America. Information on 180,000 credit card shoppers might have been in jeopardy, Nicholson said. HSBC North America, which offers General Motors-branded MasterCards to consumers, […]

April 18 (Bloomberg) - HSBC, Europe’s biggest bank by market value, has slipped 7.6 percent from a 2005 high in February. The bank on Feb. 28 reported the slowest profit growth in 2 1/2 years as earnings from U.S. consumer lending declined.

Consumer advocates at Household - HSBC Watch said HSBC must admit that concessions […]

Bill collectors are not allowed to call after 9 at night and cannot call on Sunday - or so you thought. If it happened to you see our “Your Money” page to see how much you can charge them because of their violation.

Fri Apr 15, 2005 1:21 PM BST, LONDON (Reuters) - Banks such as HSBC, Royal Bank of Scotland and Barclays are likely to express interest in buying Morgan Stanley’s Discover credit card unit, banking sources said pm Friday. Morgan Stanley said last week it planned to spin off Discover by giving its investors […]

VANCOUVER, April 1 /CNW/ - Household Financial Corporation Limited, a leader in the Canadian consumer and retail finance industry, has changed its name to HSBC Financial Corporation Limited, effective today. The re-branding of Household Financial Corporation Limited completes the integration process that began when HSBC Holdings plc acquired Household International, Inc. (now named […]

Reported March 30, 2005: HSBC faces revenue growth challenges in its various other businesses, particularly its U.S. consumer finance arm, Household International of Prospect Heights, Ill. With interest rates rising, revenue from mortgage lending will come under pressure and customer account delinquencies could rise. HSBC “is still failing to deliver superior operating profit […]