Household HSBC Watch

Beneficial National Bank is regulated by the OCC and owned by HSBC Bank Plc. Here is your April 2006 update. The attorneys will make millions and HSBC gets another stain on its reputation, but it’s doubtful that customers will even notice the opportunity to participate in this settlement.

CHICAGO — Plaintiff class representative Lynne […]

Former Saks Inc. Chief Executive Brad Martin last year received $1.07 million in salary and a performance-based bonus of $265,219, according to a preliminary proxy statement filed Thursday with regulators.

Martin also received restricted stock valued at $3 million and other annual compensation totaling about $133,000, according to the filing with the Securities and Exchange […]

Why did William F. Aldinger like Illinois as headquarters for Household International - a leader in predatory lending? Read on.

CHICAGO — Former Gov. George Ryan was convicted of racketeering and fraud Monday (April 17, 2006) in a corruption scandal that ended his political career in 2003. Ryan faces up to 20 years in […]

Customer service representatives - and Best Buy employees - are reported as telling the customer about their ‘no interest no payment’ plans for 90 days, all the way up 12 months. these reps are wrong. The Best Buy website clearly states this:

No interest for 12 months. Offer applies on qualifying purchases […]

KUALA LUMPUR: HSBC Bank (M) Bhd aims to have one million of its credit cards in circulation in Malaysia by the year’s end. Currently, it has more than 950,000 credit cards in circulation. The bank’s head of cards, Linda Yip, said the new campaign would offer promotions and discounts, and a contest for users. […]

Consumer complaints against debt collectors are way up, say government regulators.
Last year (2005) consumers filed 66,627 complaints against third-party debt collectors. That compares with 58,698 complaints filed against debt collectors in 2004, according to a new report released by the Federal Trade Commission.

The number of complaints against debt collectors reflected 19.1 percent of all complaints […]

April 11, 2006–For the second time within a year, American IronHorse has inked a major financing deal aimed at empowering dealers and their customers to own more American IronHorse bikes. The company today introduced its first large retail financing package through a new agreement with HSBC-North America’s Retail Services business. The package offers special financing […]

Boscov`s Department Stores, based in Reading, Pa., has agreed that HSBC-North America`s retail services business will run its credit program.

BDS customers will continue to accrue purchase points and enjoy other features of their existing Boscov cards, BDS said Thursday. BDS is the largest full-line, family-owned independent department store in the country, operating 40 stores in […]

April 5, 2006 — HSBC North America Holdings Inc. announced that it has appointed John (Jack) McGinnis to be its controller. Also announced was the promotion of James Binyon to be chief accounting officer of HSBC Finance Corporation, the consumer finance subsidiary of HSBC North America Holdings Inc.

In the new position of controller, McGinnis […]

WASHINGTON (Dow Jones)–HSBC USA Inc., a subsidiary of HSBC Holdings PLC (HBC), filed a shelf registration Wednesday with the Securities and Exchange Commission to sell an undisclosed amount of debt securities, preferred stock, warrants, purchase contracts and units.

The New York bank-holding company said it will use the net proceeds for general corporate purposes, which […]