Household HSBC Watch

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Sue Jex, HSBC’s Group Head of Diversity said “Employee diversity is critical for corporate success. At HSBC, being the world’s local bank means getting this absolutely right so that we successfully reflect and understand our local customer base. International Women’s Day provides HSBC with an excellent opportunity to globally support a wide range of women’s […]

CHARLOTTE — Belk, Inc. has entered into an agreement to sell its private label credit card business to GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE). As part of the transaction, Belk and GE Consumer Finance will also enter into a long-term marketing and servicing alliance with an initial […]

Mar 22, 2006 - Iraq war veteran L. Tammy Duckworth, a former Army helicopter pilot who lost her legs in a grenade attack two years ago, narrowly won the Democratic congressional primary nomination for the suburban Chicago district held by retiring Republican Rep. Henry Hyde.

Household - HSBC Watch sent a formal letter to Duckworth […]

In reading this section which originated from HSBC - HSBC Bank USA (”HBUS”) - regarding money laundering and their refusal to provide information, remember that HSBC wants to overturn state and local laws in favor of federal laws.

“Regarding an investigation into certain wire transfers made through Riggs National Bank… HBUS did receive from Riggs […]

WASHINGTON — Watch what you sign if you have your taxes done by a commercial tax preparer. The Internal Revenue Service is proposing a change in privacy protections that consumer groups say would allow your financial information or even copies of your return to be sold to data brokers and marketers. Currently those […]

Predatory lender HSBC Finance Corp. once backed the K-Mart credit card, but not any more. It appears K-Mart signed with HSBC (Household International) because the troubled retailer needed every dime the could milk from customers. Now it appears they still have customer problems.

On November 28, 2005 advocates were told “We’ve seen a spike […]

PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–March 21, 2006–HSBC - North America’s retail services business has signed a multi-year agreement to renew its retail credit program with Storehouse Furniture Inc., a leader in well-designed, well-priced contemporary furnishings. Storehouse, recognized as one of the top 100 furniture stores in America, is a Winner of the American Furniture Award from […]

WASHINGTON (AP) - The Supreme Court made it harder Tuesday for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision blocks state class-action lawsuits by stockholders who contend they were tricked into holding onto declining shares.

Justice John Paul Stevens, writing for the court, said that to rule […]

A woman reported a recent experience with Compass Bank in Alabama. Normally Household - HSBC Watch does not publish information unless it pertains to HSBC, theri personnel, or former executives. In this case, however, it appears as though Compass Bank took an idea from predatory lender Household International. Regarding high fees and […]