NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit.
Archive for » August, 2006 «
Category: 2006 HSBC, In the U.S., Metris Status, Who's Who in 06
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HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax, one of the leading office supply retailers in the United States.
Category: 2006 HSBC, In the U.S., Predatory Lending, Scams
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The PNC Financial Services Group Inc., based in Pittsburgh, reported a 10.18% passive stake in HSBC USA Inc.
Category: 2006 HSBC, In the U.S., Who's Who in 06
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NEW YORK, Aug 9 (Reuters) - A federal appeals court ruled that Bank of America Corp., HSBC Holdings Plc and Sterling Bancorp must defend against a lawsuit related to a lawyer’s Ponzi scheme that defrauded Orthodox Jews and others out of millions of dollars. A three-judge panel of the U.S. Second Circuit Court of Appeals on Tuesday reinstated state law claims brought by dozens of investors alleging that the banks were negligent, and aided and abetted a breach of fiduciary duty.
Category: 2006 HSBC, In the U.S., Scams
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LONDON (Reuters) - An online security flaw has left 3.1 million British customers of bank HSBC open to hacking and fraud for at least two years, the Guardian newspaper reported on Thursday. It said a group of researchers at Cardiff University had found that hackers could secretly record customers’ keystrokes and were then usually able to break into a victim’s account in five attempts. They were certain to do so within nine attempts. Cardiff researchers said other banks use a different system, which experts say is more secure.
Category: 2006 HSBC, In the U.K.
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