Household HSBC Watch

It looks like the United States is not the only place where you may not get what you were told by HSBC. (see daily customer complaints). And it seems senior citizens are targeted in the U.K. as well as in the United States.

HSBC could face a rush of claims after […]

A U.S. real estate fund has sued HSBC Holdings alleging the British bank’s U.S. mortgage trading operation took advantage of the credit crisis to profit at the expense of the fund, the Wall Street Journal reported. In the lawsuit, Luminent Mortgage Capital, a San Francisco firm that invests in residential mortgage securities, says HSBC’s […]

Analysts at Household - HSBC Watch think HSBC learned from the recent subprime crisis, regardless of what they tell Knight Vinke and other activists. After studying HSBC and Household International for many years Household - HSBC Watch thinks HSBC will make a move soon. Changes must look like they are HSBC’s idea, […]

HSBC made strong inroads into Viet Nam and is selling Islamic insurance in developing Islamic countries. Meanwhile in the United States HSBC, thanks to HSBC Finance, is making life miserable for Americans. Does this sound like a plot to an anti-western movie? You bet it does. HSBC - in my family […]

It looks like HSBC may have found a niche that works better than United States subprime loans. Here is how the ploy actually works: Sell one product and up-sell or cross-sell as many other products as you can. HSBC said they would export the “Household International” model to developing nations. (Some […]

The activist shareholder group Knight Vinke today accelerated its attack on the management of HSBC with a fresh call to “grasp the nettle” and tear up its existing strategy. Clearly HSBC’s strategy in the United States is not working. Junk mortgages is Wall Street’s fancy name for junk home loans. There are so […]

The U.S. Supreme Court on Monday rejected an appeal from Microsoft Corp. and a unit of Best Buy Co., ending a bid by the two companies to stop a class-action lawsuit over a joint marketing campaign for MSN Internet Access service.

The companies had appealed a lower court ruling that allowed them to be sued under […]

Massachusetts Governor Deval Patrick will announce a new state program to help homeowners in his state avoid foreclosure, according to the Boston Globe this morning. He’s pressing mortgage companies to accept a short sale (less than what is actually due on the mortgage) so homeowners late on their monthly payments can get out without going […]

HSBC should not be allowed to buy Korea Exchange Bank (KEB) until all legal investigations into the domestic lender are resolved, South Korea’s finance minister says. Kwon O-Kyu’s comments in Thursday’s Financial Times could signal a setback to hopes of sealing the 6.3 billion dollar deal quickly.

Kwon said South Korea’s watchdog the Financial Supervisory […]

HSBC Direct announced a new promotion and sweepstakes but the offer may not be very good. Since HSBC Direct is part of HSBC USA - HSBC North AMerica Holdings we wonder how much information is shared within the company. Primarily we are concerned about HSBC Finance Corporation - which is the old Household […]