Household HSBC Watch

China’s anxiety about the flow of money into its bubbling stock markets prompted the Government to punish 29 international and domestic banks this week, including HSBC and Standard Chartered, for failing to halt speculative capital inflows.

The State Administration of Foreign Exchange (Safe) said that it had disciplined 19 domestic banks and ten foreign lenders […]

WASHINGTON - Bank regulators issued new standards for subprime mortgage lending on Friday that includes several new consumer protections. Subprime borrowers should not be penalized for refinancing out of a mortgage before the interest rate resets to a higher level, according to a statement of principles issued by the regulators. The guidelines also […]

As part of its continuing evaluation of risk, HSBC monitors activities relating to Cuba, Iran, Myanmar, North Korea, Sudan and Syria. HSBC’s business activities include correspondent banking services to banks located in some of these countries and private banking services for nationals of, and clients domiciled in, some of the above countries. The Group has […]

Although many claim HSBC already knows what their quarterly results might be, publishing the information is another story. The Securities and Exchange Commission is also looking at subprime mortgages. The worry at HSBC is HSBC Finance, formerly Household International, and HSBC USA.

Rising interest rates, combined with falling home prices, have caused many subprime […]

Trying to play as a British bank and appealing to people as “your local bank” HSBC wants people to forget HSBC is the Hong Kong Shanghai Bank. But when one runs afoul in China regulators do not look the other way like some do in the United States. We offer as evidence the […]

June 27 — HSBC Holdings Plc Chairman Stephen Green ruled out spinning off the bank’s Asian operations, saying the world’s third-largest bank by market value is able to serve its customers better because of its size. There’s “no good reason’’ to break up HSBC, Green said at a briefing in Hong Kong […]

HSBC’s subprime earnings may take a bigger hit than previously thought. While HSBC claims to have losses under control at HSBC Finance others are taking note. Their CFO, Simon Penny, is no longer on the job. It is HSBC USA, however, that finances and packages much of the debt from HSBC Finance Corporation. […]

HSBC Bank Malta might be relocating a number of jobs, which had always been carried by Maltese workers since the time when the bank was state-owned, to cheaper markets such as India – where workers are paid less, maltastar.com is informed.

Investigations by the Malta Star found that HSBC UK started outsourcing particular jobs to countries […]

HSBC is global but your should know the real deal behind the Hong Kong Shanghai Bank (HSBC). Recently two Arab investors bought heavily into HSBC wordwide:

HSBC Holding Plc expects to arrange the sale of as much as $3 billion in Islamic bonds in the Middle East in the third quarter, the bank’s head of […]

Anyone who thinks HSBC is not bleeding because of HSBC Finance Corporation, formerly know as predatory lender Household International, is sadly mistaken. The industry, and ripples through the entire U.S. stock market and financial industry show otherwise.

Anxiety intensified Friday about the toll the sub-prime mortgage meltdown is taking on the financial industry at large, […]