On May 30, New York Attorney General Andrew Cuomo announced a settlement in which HSBC will pay $850,000 in civil penalties and reimburse the state of New York about $68,000 for costs associated with the cleanup of a contaminated industrial site in eastern New York.
Popularity: 8% [?]
UK – May 25, 2007 — Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt. Guardian Unlimited reported the story.
Popularity: 9% [?]
NEW YORK — The National Association of Securities Dealers said it fined a U.S. brokerage unit of HSBC Holdings PLC $250,000 for failing to have adequate systems in place to supervise trading of government securities.
Popularity: 8% [?]
On Monday, 14 May 2007, it was revealed that HSBC worldwide was once again pulled down by two US-based units, one of which was well known as predatory and questionable lender Household International.
Popularity: 8% [?]
An NASD arbitration panel found HSBC Brokerage (USA) Inc., liable for $776,000 for negligent misrepresentations and omissions in the sale of a structured note. On Friday, May 4, 2007, the NASD panel awarded $776,000 to Rayburn Enterprises and a related trust. Rayburn Enterprises was represented by Dempsey & Johnson, a Los Angeles, California law firm.
Popularity: 7% [?]
Legal Info
Household HSBC Watch is a watchdog and consumer advocacy organization.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
© 2010 - Household HSBC Watch is proudly powered by people who care and by country music
