Household HSBC Watch

New York’s Eliot Spitzer asked for information relative to increased costs of borrowing by people of color. Then we saw this press release. Irony, a related issue, or just business as usual? Household - HSBC Watch tells you so you can decide.

FAIRFAX, Va., May 24 /PRNewswire/ — The United Negro College Fund (UNCF) today announced a $1.2 million grant from HSBC - North America to renew the HSBC/UNCF Corporate Scholars Program, providing scholarship and internship opportunities for minority students. “HSBC - North America is proud of our partnership with UNCF,” said HSBC - North America Holdings CEO Bobby Mehta. “This initiative underscores our global commitment to expanding access to higher education and, importantly, will further strengthen the educational opportunities of tomorrow’s leaders.”

HSBC - North America includes all of HSBC’s U.S. and Canadian businesses, including the former Household businesses, and has assets approaching $300 billion. The company’s businesses serve more than 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking, and corporate investment banking and markets. Financial products and services are offered under the HSBC, HFC and Beneficial brands.