Household HSBC Watch

At long last, after weeks of stony silence and apparent mute indifference, the HSBC Bank finally acts!

Amid complaints by outraged account holders, the bank has taken action to deal with the fallout created when a serious security breach exposed records of more than a 100 of its customers.
Not surprisingly this was accompanied by […]

According to Randall Bauer, a fixed-income portfolio manager at Federated Investors, the total U.S. mortgage-market value is estimated at $9.5 trillion to $10.5 trillion, with about 15% of the total represented by subprime assets.

While the problems for subprime borrowers and lenders appear clear, the impact on mortgage bondholders depends on a variety of factors. […]

New Delhi, April 25: The investigative arm of the country`s anti-monopoly watchdog has recommended action against HSBC for making false promises to credit card customers and violating the RBI guidelines.

In its preliminary report submitted to the monopolies and restrictive trade practises commission, the Director General of Investigation and Registration (DGIR) said that HSBC violated […]

HSBC Group’s Australia account holders are outraged that the bank didn’t bother to contact a single customer in the wake of a serious security breach new which exposed banking details, names and home addresses, as well as other financial information.

Customers labelled the bank’s handling of the breach a “disgrace” accusing HSBC of favoring commercial interests […]

Compared with others in the sector, HSBC shares are undervalued and are beginning to tick northwards again.
The bank is still reeling from its troubles with the US mortgage market, but given that has been the subject of a profit warning and audited full-year results since then, the majority of that information should be in the […]

A Saudi Arabian investor has bought a 3.3-billion-pound ($6.6 billion) stake in British bank HSBC Holdings in the last two months, and sees the stake as a long-term investment, his spokesman said.

A regulatory filing said Maan Al-Sanea owned 360 million HSBC shares, or a 3.1 percent stake, through Singularis Holdings, an investment company based in […]

See the latest about Bobby and TransUnion

HSBC has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns about its exposure to high-risk lending in the US - which forced it to issue the first profit warning in the group’s history. Even though HSBC’s decision […]

HSBC has paid bonuses worth almost £30m to its staff, despite failing to meet the targets that should trigger the payments.

The bonus scheme is linked to the performance of the group’s shares. Britain’s biggest bank has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns […]

An amendment disfavoring protection of the debtor’s principal residence was added to bankruptcy laws in 1978. At that time home mortgages were nearly all fixed-interest rate instruments with low loan-to-value ratios and were rarely themselves the source of a family’s financial distress. As a result, bankruptcy law singled out the home mortgage loan as […]

With 900 votes so far, a Household - HSBC Watch poll which asks people to rate their HSBC credit card does not look good for HSBC. Here is how people answered, grouped by response, percent, and number of votes for each choice:
The best: 10% (88)
Good: 6% (56)
Fair: 5% (42)
Poor: 16% (148)
Totally Unprofessional: […]