Household HSBC Watch

Last Modified: 14 Sep 2005 , Source: ITN
Customers are being overcharged by up to £1 million a year for credit through store cards and associated insurance. According to the Competition Commission, interest rates are also between ten and twenty per cent higher than necessary. As a result, cardholders have […]

NEW YORK–(BUSINESS WIRE)–Sept. 13, 2005–HSBC Bank USA, N.A., (NYSE: HBC) the U.S. banking unit of one of the world’s largest financial services companies, today announced it has begun issuing new debit cards that feature MasterCard(R) PayPass(TM) contactless payment technology to its new and existing customers. With the issuance of these new contactless payment cards, HSBC […]

Hongkong and Shanghai Banking Corporation (HSBC) seems to have turned a blind eye to the Reserve Bank of India’s (RBI) draft guidelines on credit cards. HSBC and retailer Trent Ltd have launched a co-branded card that offers 10 per cent discount on monthly grocery purchases. The private label credit card is being offered to […]

A shareholder derivative lawsuit is an increasingly common type of civil case in which shareholders file suit on behalf of a company.

Monetary settlements in derivative cases have typically been small, and most of the money usually goes to plaintiff’s attorneys. Companies often agree to make changes to the way they operate in order to settle […]

Best Buy uses HSBC Finance Corporation for the Best Buy credit card. HSBC Finance Corporation is the new name of scandalized predatory lender Household International, responsible for foreclosures nation wide and a $484 million nation wide predatory lending suit.

Sept. 13 (Bloomberg) — Best Buy Co., the largest U.S. electronics retailer, said second-quarter profit rose […]

There is more competition for Household Auto Finance. Wachovia made a move recently. “We see any optiion other than HSBC Finance Corporation as a positive step for consumers” said Household - HSBC Watch.

The Associated Press
Monday, September 12, 2005; 7:55 AM
CHARLOTTE, N.C. — The financial services company Wachovia Corp. on Monday said it agreed […]

HSBC has introduced two new co-branded credit cards aimed at medical professionals. The new HSBC Dr Family Card and the HSBC Dentist Family Card will be marketed to the 27,000-plus members of the Medical Association of Thailand and the Dental Association of Thailand.

Wichit Phayuhanaveechai, head of marketing and communications for HSBC, said the target […]

Who is to blame and who bears the responsibility if a sales person tells you something that is not true? Take this actual consumer report as an example:
“Tom Wheelis told me in no uncertain terms that my total cost of the purchase was $1591.02 and no payments were due until one year from date […]

PROSPECT HEIGHTS, Ill., Sept. 9 /PRNewswire/ — HSBC - North America has established a special toll-free number — 866-727-HSBC (866-727-4722) — for customers who live in areas of Louisiana, Alabama and Mississippi that were
directly impacted by Hurricane Katrina. HSBC agents are available to assist customers with inquiries regarding accounts held with HFC, Beneficial, […]

Mumbai September 10, 2005 - The UK-based Hongkong and Shanghai Banking Corporation (HSBC) has signed an agreement with US-based Global Payments Inc to form a joint venture for credit card merchant acquiring businesses in Asia, including India. HSBC will transfer its existing credit card merchant acquiring businesses in 10 Asian countries to a new […]