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Popularity: 33% [?]
Archive for » February, 2007 «
Gottschalks Inc. today announced that it has signed a new multi-year agreement with HSBC – North America’s retail services business for the operation of the Company’s proprietary credit card business. The card program partnership with HSBC has been a significant driver of sales, profit, and customer loyalty for Gottschalks. As a result of this agreement, Gottschalks expects stronger contribution from the Company’s credit card income.
Popularity: 12% [?]
Category: 2007 HSBC
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HSBC BANK that has offices in 77 countries, claims to be a ’socially responsible corporation’. However, this doesn’t seem to apply to the humanitarian plight of Palestinians living in the Gaza strip and the Israeli occupied West Bank territories.
Popularity: 18% [?]
Category: 2007 HSBC, Middle East
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Investors in HSBC are bracing themselves for further bad news from the bank in the wake of the first profits warning in its recent history. The group admitted that a rise in the number of bad mortgage debts in its US consumer finance business had taken it by surprise. And the City is worried that this will spread to its credit card business there, leading to a further rise in bad debt provisions.
Popularity: 9% [?]
Category: 2007 HSBC
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HSBC, a bank saddled with bad debt problems since it gave mortgages to many Americans with poor credit histories, has installed two new executives at its consumer-finance unit, the Wall Street Journal reported on Friday.
Popularity: 7% [?]
Category: 2007 HSBC
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