Household HSBC Watch

HSBC will implement the Experian solution into its new business processing environment for 22 countries, before extending it across its global operations.

Monday, May 15, 2006: HSBC has chosen Strategy Management, a business rules engine from Experian-Scorex, the global decision analytics business of Experian, to support lending decisions around the world. The bank will implement […]

HSBC owns 40 percent of Saudi British Bank.
HSBC Bank Middle East Ltd. is based in Dubai and operates from 31 branches in the U.A.E., Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and Palestine, and units in Egypt and Iran. The bank plans to open an investment banking unit in Saudi Arabia this month as rising […]

NEW YORK, May 12 (Reuters) - Global bank HSBC’s consumer finance arm’s net income in the first quarter rose 13 percent, as customer loans grew and bankruptcies fell amid a strong U.S. economy, a filing said on Friday.

U.S.-based HSBC Finance Corp., the former Household Finance International business bought in March 2003, said that net income […]

PHILADELPHIA - Delaware officials asked a federal appeals court Thursday to let them keep public records beyond the reach of nonresidents.

A New York consumer activist is fighting to learn details of the state’s $484 million settlement with a finance company over predatory lending. The finance company was Household International, now owned by HSBC and […]

HSBC’s Online Saver account has a high headline rate of 4.75% on balances of £500 and above. But you don’t receive any interest in months when you make a withdrawal. For other scams, and detailed information about HSBC, see our Knowledge Base.

Payments over the Visa and MasterCard networks involve at least five parties. When a cardholder presents a credit card to a merchant for payment, the merchant swipes the card and transmits the information encoded on the magnetic strip on the back of the card to an acquiring bank (or, sometimes, a third party processor). This […]

HSBC’s plans include a dramatic expansion in Toronto, Calgary and Edmonton. The bank has 43 branches in Ontario, of which 32 are in Toronto. Over the next 18 to 24 months, it wants to add another 20 in and around places such as Burlington, Mississauga and Aurora, at an average capital cost of a quarter-million […]

Will HSBC buy Ameriquest? A good question promoted by a large number of people visiting Household - HSBC Watch wanting to know the answer. You can see our lengthy speculative report here.

On May 2, 2006, we saw an increase in search engine traffic but when we wrote our report there was nothing in […]

In 2004, the FBI tracked 172 convictions or “pretrial diversions” involving mortgage fraud. The numbers were even greater in the first quarter of 2005, leading to its exhaustive “Financial Crimes Report to the Public.” The study identified the top 10 hot spots for mortgage fraud complaints as California, Nevada, Utah, Colorado, Missouri, Illinois, Michigan, South […]