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.
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Category: 2007 HSBC
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HSBC has paid bonuses worth almost £30m to its staff, despite failing to meet the targets that should trigger the payments.
Category: 2007 HSBC
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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 the major debt for which the bankruptcy court is powerless to provide relief, they said.
Category: 2007 HSBC
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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: 63% (567)
Category: 2007 HSBC
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