Household HSBC Watch

THE LONDON-based bank, HSBC, opened its first branch in Bratislava June 16. The bank will provide corporate and institutional banking products to local and foreign clients as well as those planning to invest in Slovakia, the SITA news agency wrote. The new Bratislava branch director is Karel Bure¨, the former head of the treasury section at HSBC in Prague.

US-based watchdog organization Household - HSBC Watch commented that “Sir John Bond said he would export predatory lender Household International’s tactics and strategies overseas as part of HSBC. We will monitor this situation closely.”