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Archive for July, 2006

HSBC stings customers with credit card payment structure

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 […]

Major flaws found in HSBC’s money-laundering checks

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.

Under Irish law, banks are obliged to […]

HSBC Must Comply With Sarbanes Oxley

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 […]

HSBC found guilty of racism

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”.

The remark was overheard by another employee, who […]

eBay Guitar Finder Supports Advocacy Program

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 […]

HSBC Mortgage Services South Carolina Headquarters

PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–July 6, 2006–HSBC Mortgage Services, a subsidiary of HSBC North America Holdings Inc., will hold a ribbon cutting ceremony today in Fort Mill, S. C. This event marks the relocation of HSBC Mortgage Services’ headquarters to a new one million square foot corporate office park. The event is being co-hosted by Lauth […]

Most Never See HSBC Cash Back

Nick White, the head of personal finance for uSwitch.com, has branded the new cashback loan from HSBC a “phantom offer” for many borrowers. The unique offer is intended to reward ‘loyal’ loans customers who borrow from the bank and keep to the original terms and conditions of the loan, specifically the length of the […]

Andy Asks About Web Traffic

Andy Maurer said in a recent email “You guys are complete idiots! Does anyone even look at this dumb ass site anymore? I have a tip………Get a freaking life!”

Well Andy the latest report is in. For the week in which we received your email we had over 3300 visitors who looked at […]




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