One of the most profitable and largest banks in France, CCF was acquired by HSBC holding in Dec. 2000. CCF once used Click to Call to answer customer questions and expand online business.
Archive for » February, 2006 «
Category: 2006 HSBC, HSBC Worldwide, Predatory Lending
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Consumers with credit cards from HSBC constantly report violations fo the Federal Truth in Lending Act. (see the act here)
Category: 2006 HSBC, In the U.S., Predatory Lending
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Who would pay an annualized rate of 178 percent on a 10-day loan they are essentially making to themselves?
Category: 2006 HSBC, In the U.S., Predatory Lending
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HSBC USA, the immediate legal parent of HSBC Bank USA, said fourth-quarter profits fell 27 percent, driven entirely by the accounting costs of transferring credit card loans and customers with an affiliate company. The bank reported earnings of $196 million, down from $269 million a year ago. For the year, profits similarly fell 22 percent to $976 million from $1.26 billion for the same reasons.
Category: 2006 HSBC, In the U.S., Predatory Lending
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Union leaders yesterday called for a tightening of a publicly funded scheme intended to lure jobs to Scotland after a £1m grant was awarded to the richest bank in UK history. HSBC, which makes £1m profit every hour ($1,740,249 USD), will receive the regional selective assistance (RSA) grant from the Scottish Executive in return for creating up to 257 new jobs in Edinburgh.
