Household HSBC Watch

A LAW student paid £5,000 by Abbey National after he accused the bank of “excessive” charges yesterday made legal claims against EIGHT others.

Father-of-three Stephen Hone, 29, was charged £2,000 in current account fees in six years. He sued and the bank failed to mount a defence, later agreeing a settlement.
Yesterday he filed similar […]

On February 15, 2006, HSBC expands its membership of the Nordic Exchange to
include Copenhagen and Helsinki in addition to Stockholm. HSBC will have access
to the three Nordic equity markets within OMX, namely on the Copenhagen,
Stockholm and Helsinki exchanges.

Jukka Ruuska, President of the Nordic Marketplaces at OMX says: “International
interest in OMX’s Nordic marketplaces has increased in […]

Kurt Eggert, a Chapman University Law School professor who has analyzed sub-prime loan collection abuses for the Fannie Mae Foundation, said unscrupulous loan servicers exploit the fact that borrowers in this market are expected to have financial problems and miss mortgage payments.

Opportunistic servicers mishandle tax and insurance accounts, impose high-priced hazard insurance on homeowners who […]

Customers of H and R Block’s rapid refund program said their banks would not cash their refund anticipation checks. - see more -

Checks were issued by Block’s bank, HSBC, an international bank formed out of the former Household International and other organizations. In 1998, Block and HSBC, then known as Household Bank, were sued […]

Wall Street company Bear Stearns & Co. disclosed last month that its loan-servicing company, EMC Mortgage Corp., which collects bills and buys loans from sub-prime lenders, had handed over documents to the FTC. In a regulatory filing, Bear Stearns said the FTC was investigating “various unnamed sub-prime lenders, loan servicers and loan brokers” for possible […]

NEW YORK - With retail sales proving more sluggish than expected — and concerns that home heating bills will crimp sales even further — many retailers are finding the need to be more creative this winter.

Household International, known nationwide for high interest rates and predatory lending and now owned by HSBC, can help […]

Did anything change between their findings in 2004 and the sellout of American consumers in 2005? Not that we can tell. Former predator Household International was instrumental in pushing for bankruptcy reform, and HSBC took over after they bought Household.

HSBC Bank (Malta) plc have launched a new finance scheme aimed at both prospective and existing boat and yacht owners. The Yacht Finance Scheme is the first Maltese banking product that is specifically designed to finance or refinance boats and yachts.

Speaking at the launch yesterday, HSBC chief executive officer Shaun Wallis said that Malta is […]

KUALA LUMPUR: HSBC Insurance (Asia Pacific) Holdings Ltd expects its joint-venture with Jerneh Asia Bhd and the Employees Provident Fund (EPF) as a takaful operator to be profitable in three to five years.

Zarir J Cama
“The prospects are huge, given the scope and potential of the local insurance market, which is, by many accounts, still […]

According to a group of prominent bankers, a lawsuit brought by retailers in the US alleging a number of major credit card issuers and banks colluded to fix processing prices will have far reaching consequences for the industry at large if it is successful. The group of international bankers, Reuters reports, has warned that […]