Household HSBC Watch

HSBC’S top executives are to lose out on their lucrative performance bonuses this year as a result of the chronic underperformance of the company’s shares.

Britain’s biggest bank has been one of the poorest performing stocks in the FTSE100 index this year, and one of the worst performing bank stocks in the world, because of worries […]

Seen in The Asian Banker on December 18, 2006: “HSBC is scrambling to reinforce senior management to stave off internal problems at Household International, its U.S. sub-prime acquisition made when Sir John Bond was chairman. Looks like serious problems are creeping up.”

HSBC is cutting at least 20 jobs from its corporate finance division in the latest sign it is dropping John Studzinski’s plan to build a global investment banking business.

The bank is shutting its general industrials and technology, media and telecoms investment banking teams. This follows similar cuts earlier in the year and the departure […]

The Australian unit of HSBC Holdings (0005) will sell its broker-originated mortgage portfolio valued at US$1.75 billion (HK$13.65 billion) to FirstMac, a leading Australian residential mortgage provider.
The portfolio consists of 10,000 customer accounts distributed through brokers in Australia.

HSBC Bank Australia will retain the majority of its non-broker originated mortgage portfolio, valued at US$5.8 billion. […]

As we near the end of 2006 and holiday spending increases a recent poll at consumer advocacy website Household - HSBC Watch asks visitors to rate their HSBC-backed credit card. With over 500 participants responding to the poll question an astonishing 79 percent rated their HSBC backed credit card as ‘poor’ or ‘totally unprofessional’. […]

I signed up for Best Buy card and there was a question would you like to sign up for master card. No terms and condition nothing. Then on the statement I found out it has 19% apr and my credit score is pretty good, next year for no reason no late payments nothing […]

AllVoip Search will support Household - HSBC Watch. All Voip Search, one of the largest voip service provider databases, has added previews to each voip provider review. Whether you are looking for business VoIP, VOIP providers, voip service, voip phones, or just browsing, All Voip Search now gives you the capability to look […]

WASHINGTON - HSBC Holdings PLC, the world’s third-largest bank, said yesterday it will be hurt by its exposure to controversial mortgages that helped spark the U.S. housing boom, but which are now coming up for renewal.

The London-based bank is expected to be the first in a long list of major residential mortgage lenders in the […]

Just in time for the holiday season thieves found a way to steal the remaining balance on store gift cards. They take the information from the gift card, put the card back on the sales rack, and then wait for someone to buy it and activate it. Thieves call the telephone number on […]

How long before HSBC employs a cohort of burly bailiffs to chase up debtors? Bad loans hang around the neck of the world’s third-largest bank like an albatross. Most of it comes from former predatory lender Household International which is still in business as HSBC Finance Corporation. And HSBC is buying more […]