Household HSBC Watch

The fire sale in mortgage securities has yet to begin. But it’s coming. The implications for the rest of financial markets aren’t clear but when confidence is shaken in one market there usually is collateral damage. Certainly, many Americans will make their mortgage payments as they always have. But the $US1.5 trillion ($1700 […]

American states such as New York, Massachusetts and Ohio collectively will extend more than $500 million (£245 million) in bailouts to homeowners struggling to meet loan repayments in an attempt by officials to prevent worst-hit neighbourhoods from declining amid repossessions.

With more than 700,000 American households set to lose their home this year and growing […]

HSBC Holdings shares are undervalued due to unjustified concern over the risk to Europe’s biggest bank from problems with its U.S. mortgage lending, major shareholder Dubai International Capital said on Monday. Sameer al-Ansari, chief executive of Dubai International Capital, which manages more than $7 billion of funds belonging to Dubai’s ruling family, said HSBC […]

In a recent Household HSBC Watch article there is speculation that HSBC Finance Corporation - the former Household International - might be for sale as HSBC jettisons their bad debts and bad image. We invite comments relative to the idea and ask the big question - Who Would Buy It?

The U.S. division of HSBC Holdings PLC won federal approval to open a new bank branch, the Treasury Department’s Office of the Comptroller of the Currency said. The OCC said in a weekly bulletin of regulatory activity, released Wednesday, that HSBC National Bank USA’s request was approved July 10. The new branch will […]

On July 19, 2007, S&P cut ratings on 75 U.S. collateralized debt obligations made up of subprime mortgage derivatives. CDOs are fixed-income securities that repackage bonds, loans, derivatives and even other CDOs into new bonds. Subprime mortgages are loans to borrowers with poor or limited credit histories.

“I don’t think anyone knows enough about the […]

HSBC Holdings PLC said Daniel Palmer left HSBC after less than three years at the firm, according to published reports. Daniel Palmer, who was said to have joined HSBC on a three-year contract worth $15 million, was hired from Morgan Stanley’s Asian operations by John Studzinski, HSBC’s co-head of investment banking. Palmer […]

Much to the dismay of HSBC Finance Corporation their desire to export their “Household Model” to China probably will not produce great credit card profits. In an article from Shanghai, China’s nascent credit card market holds tremendous growth potential but few lenders operating in the world’s fastest-growing major economy expect to make any quick […]

As a reminder to our web visitors that have not subscribed or bookmarked it yet you can view HSBC customer complaints easily. Just try the link and you will see one of the hottest Household - HSBC network feeds. It’s browser friendly so a click of the mouse is all you need. […]

“What started in 1994 as predatory lending under then-CEO William F. Aldinger finally began to fall like feathers in the wind by 2007″ said Household - HSBC Watch. “People need to understand that HSBC Finance has a major credit card operation and they will try to make up earnings somewhere, and regulators seem […]