Household HSBC Watch

Did you even wonder what your HSBC card really means? What is HSBC? What does it stand for? The answer: The Hongkong and Shanghai Banking Corporation Limited. Thought your Best Buy card was backed by loyal Americans, didn’t you? Wrong. The corporate headquarters is in London, the name is the Hongkong and Shanghai Banking Corporation Limited, and your Best Buy card is handled by predatory lender Household International, now owned by HSBC. When you think about “back to school” specials or sending your student to college with some of Best Buy’s “nice to have” items - remember it may be your family that gets a real education in financial damage control according to Household - HSBC Watch consumer advocates. See many Best Buy customer reports here.