Household HSBC Watch

With the union and HSBC still at odds a strike is set for the 27th of May at press time. The union says they are willing to negotiate, while HSBC thinks they are bluffing or wants to ignore the situation. Advocacy organization Household - HSBC Watch says ignoring or denying legal situations is not uncomon at HSBC. Household International denied predatory lending even as they were slapped with a US-wide $484 million predatory lending suit. Their legal department told Mr. Shea (Shea v Household) his claims were without merit, but had to settle for $11 million dollars. Denial is a common trait at HSBC’s legal departments, at least until they get caught. Household even ignored California regulatory findings for three years, until they got caught again.