“Liz Claiborne had plenty of time to study the market, yet they are aligning their customers with a predatory lender. Market analysis suggests troubled companies will easily sign with HSBC Retail Services, which is the old Household International” said consumer advocacy organization Household - HSBC Watch. “We expected more from Liz Claiborne and […]
Chester Yung, July 20, 2005 - Lender accused of ‘devil’s work’ for putting pressure on client to sell property to bank associate:
Hong Kong’s leading bank engaged in the ‘’devil’s work’’ when it pressured a former client to hastily sell a lucrative property to a close associate of the bank, a High Court judge ruled Tuesday, […]
HSBC entered the New York market in 1980 after acquiring first, Marine Midland Bank and later Republic National Bank. In 2003, HSBC acquired Household International, shortly after the lender settled for $486 million charges of predatory lending by attorneys general in 46 U.S. states. Developments are monitored by Household - HSBC Watch.
HSBC’s New Jersey […]
HSBC bankers say they are winning key mandates and that as recently as 1999 Citigroup was not viewed as a serious player. “They were seen as a joke, and then suddenly they were everywhere and scaring the pants off investment bankers,’’ said one senior equities banker at HSBC. “Household International was seen […]
“HSBC has many strengths, but the investment bank is the one division where I doubt the strategy will work,’’ said SG Securities analyst Richard Staite. “How long are they going to spend large amounts of money, perhaps without results, before changing course again?’’
According to Household - HSBC Watch, a US-based consumer advocacy organization, the fact […]
Now that UMUC (University of Maryland) allowed former predatory lender Household International in the door, we are starting to see the bad effects, said consumer advocates at Household - HSBC Watch. HSBC purchased Household International but problems with predatory lending remain, according to the group. Here are some quotes:
“I have an account with […]
HSBC finances computers for HP through HP Shopping. In actuality this financing is done by HSBC’s predatory lending arm - the former Household International. After hurting people that way, today HP announced 10 percent job cuts across the board, according to Household - HSBC Watch. “Hewlett-Packard Co. said on Tuesday it […]
We received this question from a website visotr: “How do I trace back what HSBC is claiming I owe. This has been outstanding the collection agency says since 98. I never had this account, however, would like to know what account is sueing me. The collection agency is no help. […]
Its Prospect Heights headquarters is a sprawling 400,000-square-foot, two-building complex. Formerly known as Household Finance, the firm first arrived in Prospect Heights in 1978. It employs 1,350 in Prospect Heights and more than 600 in Mount Prospect. In all, it employs 6,100 in the Chicago area.
The company, which was bought by HSBC Holdings Plc. in […]
By Tribune staff
Published July 13, 2005
The Prospect Heights-based North American unit of HSBC Holdings PLC said Tuesday that it was looking to consolidate offices located in nearby Mt. Prospect into a new, single location in the northwest suburbs.
The consumer finance firm has identified about six locations in that area, where it would take about 400,000 […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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