What HSBC refuses to reveal now be in the hands of the U.S. government.
WASHINGTON — The U.S. government gained sweeping access to international banking records as part of a secret program to choke off financial support for terrorism, officials said Thursday. Treasury Department officials said they used broad subpoenas to collect the financial records from an international system known as Swift. Stuart Levey, Treasury’s undersecretary for terrorism and financial intelligence, called the subpoenas “a legal and proper use of our authorities.”
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With only 194 votes so far, a disturbing trend can be seen. A full 78 percent rate their HSBC credit card as either “poor” or “totally unprofessional”. A Household - HSBC Watch poll simply asked people to rate their HSBC backed credit card. The poll is shown on each article and the main poll is seen here. Results are actually better for HSBC, down from 80% rating the card poorly last month.
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This is an arrogant blow to some professionals.
LONDON: A section of HSBC’s employees in Sheffield are up in arms for being asked to train staff from India who would then take over their jobs, lending a new twist to outsourcing from Britain to India. The request to train the Indian staff has angered workers in the HSBC Accounting Centre in the town who were told this week that their department would be closed and moved to Hyderabad. Local reports say that up to 40 Sheffield staff will be hit by the closure, but all have been told by the bank that they will be provided new roles in the company, if they wanted them. The ‘new roles’ were not defined but night not be in the employee’s field of study. An HSBC spokesman confirmed that the Accounting Centre, which pays the bank’s bills as well as processing the expenses of its staff, would be closing.
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Found on the net:
“About the HSBC Center for Consumer Advocacy: HSBC’s financial education grant program is managed by the Center for Consumer Advocacy, established in 2003 to manage the company’s financial education and housing programs and community outreach initiatives. The center also awards grants to educational institutions and maintains the personal financial education web site YourMoneyCounts.com”
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In a recent press release HSBC said:
“HSBC was the first international bank in the UAE to present its UAE national employees working in the Network Service Centre with ‘My Vision - challenges in the race for excellence,’ book written by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai. This initiative was taken by HSBC for its believe in the importance of investing in the human capital. The book will reinforce the principles required for high performance and outlines ethics of success for employees. It will act as a catalyst to contribute to the growth of their country. The book presents the vision of HH Sheikh Mohammed which is vividly reflected in the tremendous success of Dubai.”
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