Household HSBC Watch

HSBC, Granville Technology Group’s main banker, is unlikely to recover any of the £19m it is owed by the group, according to reports. Granville, the company behind the Time and Tiny computer brands, collapsed at the end of July with debts estimated at over £50m. The Independent on Sunday said yesterday that HSBC was Granville’s main secured creditor. Eventually it was determined that nobody even knew who actually owned Time and Tiny Computers. “Perhaps HSBC should turn the issue over to their predatory lending subsidiary - the former Household International - as they can repossess a car or foreclose on an 89 year old widow without a problem” said consumer advocates at Household - HSBC Watch. HSBC’s biggest fear comes from thousands of UK residents Google searching Time and Tiny Computers and finding HSBC’s predatory lending history and track record in the United States instead of finding warranty and product information” said Household - HSBC Watch.