Starting from July 31st, 2006 HSBC will change the way it apportions credit card payments so that customers will have to pay off their borrowing with the lowest rate of interest first. The new policy is a dramatic change of tack from the high street banking giant, which had previously adopted a more consumer-friendly approach to credit card payments. “It is disappointing to see yet another credit card provider switching to an adverse order of payments,” said Stuart Bernau.
Archive for » July, 2006 «
Category: 2006 HSBC, In the U.K.
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Major problems have emerged in the anti-money-laundering procedures of the Irish division of HSBC Bank, which manages more than €20 billion in assets. The Sunday Business Post has learned that the bank has installed a new series of money laundering checks after issues were discovered with its existing procedures.
Category: 2006 HSBC, HSBC Worldwide
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According to critics, the Sarbanes-Oxley Act has caused a litany of ills: Executives are retiring early, public companies are going private, foreign firms are listing abroad and U.S. firms are losing their competitive edge. The sweeping law, written in the wake of the Enron scandal, has served as a scapegoat for all the evils facing corporate America since it was passed in 2002.
Category: 2006 HSBC, In the U.S., Sarbanes-Oxley
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A branch of one of the world’s biggest banks has been found guilty of racism after a senior member of staff told a colleague she would be voting for Robert Kilroy-Silk at the last general election because she said he promised to “get rid of the foreigners”.
Category: 2006 HSBC, In the U.K.
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The eBay Guitar Finder - your fastest locator of guitar and bass guitars on eBay - announced a joint agreement with Household HSBC Watch consumer advocates today. A portion of ongoing compensation from their operation will be donated to the consumer advocacy program at Household - HSBC Watch. They became the fourth merchant to support the watchdog organization.
Category: On This Website
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