Household HSBC Watch

When David Gibbons was employed by the OCC he said: “Banks should be sure their credit risk control processes are adequately staffed and appropriately empowered to point out where risk is rising in these portfolios, and to tell managers what they need to hear.”

The main point, as made by the OCC […]

April 22, 2005: Best Buy owns Geek Squad, a 24-hour technical support firm. For consumer complaints about Best Buy and the Best Buy predatory credit card see our forums.

08-18-04 — NEWARK - A Kinnelon, New Jersey man alleged to have reaped millions of dollars through securities fraud and insider trading in connection with the sale of Sam Goody Stores to Best Buy Company, Inc. in 2001 was indicted today. AUSA John M. Vazquez and Special AUSA Craig Carpenito, 973-645-2903, 2891, respectively. For […]

It was reported to us today, via our helpline, that Sherman Acquisition is a collections agent for Best Buy. Therefore, since Best Buy accounts are actually HSBC Accounts, one must conclude that Sherman has a business relationship with HSBC. This division of HSBC is the former Household International. Our helpline caller stated, […]

The OFT said its provisional view was that charges of 20 pounds to 25 pounds for late payment or exceeding a credit limit were excessive. The OFT said Britain’s credit card companies had stated that default provisions were fair. The regulator has given the companies, which include Barclays and Royal Bank of Scotland, three […]

Richmond, Va.-based The RoomStore, partnering with a liquidation specialist, has signed a letter of intent to acquire 51 Rhodes stores and other assets for $38.8 million. Rhodes Furniture President and CEO Steve Fishman is leaving the bankrupt chain to become the top executive at closeout retailer Big Lots. Rhodes named its veteran chief financial […]

The 2005 Business Roundtable member list seems to have a problem. Listed in 2005, under “CEO’s and their companies”, is William F. Aldinger and Household International. Household International has not existed since purchased by HSBC in 2002, said Household - HSBC Watch. Aldinger retired from HSBC in April 2005.

Created in April 2002, website BestBuyCard.net informs electronics retailer Best Buy Stores customers and potential customers of the pitfalls of predatory credit card financing. Best Buy uses HSBC Retail Services as the financing for their Best Buy credit card. In reality, HSBC Retail Services is the old Household International retail services, well known […]

July 18 — The National Black Data Processing Associates (BPDA) will present HSBC - North America with an award for being one of the Best Companies for Blacks in Technology at the 27th Annual National BDPA Conference to be held in Detroit next month. This is the third year that the Best […]

RIVERSIDE, Calif.–(BUSINESS WIRE)–July 19, 2005–The American Forces Network (AFN) announced today that World Wrestling Entertainment, Inc. will offer its upcoming SmackDown!® Pay-Per-View, The Great American Bash, free for broadcast on AFN as WWE’s way of thanking the troops and their families for their service to America. The Great American Bash will be broadcast from […]