Household - HSBC Watch is writing “A Look Back at Merchants in 2005″ - an analysis of how well HSBC Finance Corp merchants are doing now that they aligned their credit card, and their customers, with former predatory lender Household International (HSBC Finance Corp). The bottom line is these poor decision makers are struggling, which is why they went with a predatory lender to begin with. Example:

By Jennifer Waters, MarketWatch, Last Update: 4:45 PM ET Aug. 26, 2005 -
CHICAGO (MarketWatch) — Saks Inc. shares slumped 10% Friday after a retail-industry trade magazine reported that the parent of the Saks Fifth Avenue stores as well as more moderately priced stores such as Carson Pirie Scott and Bergner’s could be picked apart by the time a sale deal is inked.

Related posts:

1. HSBC Merchants in Trouble - Will they sacrifice your credit?
2. Troubled Merchants Sign With HSBC Retail Services
3. HSBC Apparel Merchants May Report More Losses
4. Saks aligned with HSBC, posts a loss
5. Bon-Ton likely to bid on Saks stores