Household HSBC Watch

No. 3 bank to buy MBNA, creating the nation’s largest credit card issuer; 6,000 jobs to be cut. “BofA leaves HSBC lagging behind, while making HSBC’s buyout of Household International a poorer business decision than originally thought” said advocacy group Household - HSBC Watch.

NEW YORK (CNN/Money) - Bank of America, betting that financial “supermarkets” […]

“Since the launch of the HSBC Amanah finance, many Muslims have opened accounts and used the system to buy property, take loans, e.t.c. they have portrayed themselves as being “sensitive to Muslim needs” within the banking system, therefore grabbing a piece of the market which was previously untouched by any high street banking institution. No […]

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 […]

Base rate hasn’t moved for almost a year, but that has not stopped savers being penalised, writes Kathryn Cooper

BANKS and building societies have been accused of profiteering by slashing their savings rates even though the Bank of England base rate — the yardstick for all UK interest rates — has not moved for nearly a […]

Mumbai, June 27, 2005 - HSBC, under its CSR initiative, is training their employees to be ‘green’ (environment-friendly), and has earmarked a $50 million spend over a five-year period to help communities across the globe protect the environment. HSBC India’s senior vice-president and head-SME, commercial banking, Royston Braganza, said, “Our initiative, investing in nature, […]

By Michael Casey, ASSOCIATED PRESS, 8:19 a.m. June 27, 2005 - CALANG, Indonesia –
Mike Gray spends most days as Rolls-Royce’s regional director selling jet engines to the Indonesian military or compression systems to oil companies across the country’s vast archipelago. But since the tsunami, the 54-year-old Briton with a boyish face has assumed […]

BEIJING, June 27 — Sumitomo Mitsui Financial Group Inc., Japan’s third-largest bank, aims to expand lending to overseas companies in China this year, challenging
HSBC Holdings Plc. and Citigroup Inc. in the world’s fastest-growing major economy. Sumitomo Mitsui wanted half its loan growth in China to come from non-Japanese clients in the year to March […]

Another interesting fact - although HSBC gave £1m towards the Tsaunami appeal they were still charging UK (and elsewhere?) relatives £25 a transaction to wire money out to affected relatives right up and till a memo went out to branch staff on January 14th, 2005 to stop the practice following a customer complaint.

US-based consumer […]

Here’s a secret two of the nation’s largest consumer-electronics chains don’t want investors to know. As TVs, portable DVD players, and other stuff fly off their shelves, Best Buy Co. (BBY ) and Circuit City Inc. (CC ) aren’t banking on them to rake in the profits. Instead, they’re counting on the extended warranty contracts […]

Mon Jun 20, 2005 06:48 PM ET
NEW YORK (Reuters) - A federal judge refused on Monday to grant a temporary restraining order that would have stopped New York Attorney General Eliot Spitzer from investigating large U.S. banks for their lending practices to minorities.
The order was sought by The Clearing House Association of 11 banks and […]