Household HSBC Watch

Two months after rebranding its Colombian unit, the U.K.- based HSBC Holdings (HBC) is enduring its first strike led by workers seeking higher wages. The bank’s 750 workers in Colombia walked out Monday evening to demand an 8.5% pay raise this year, while the bank offers only inflation-rate increases, Fabio Arias, deputy president of […]

True to form and following rules set up by former predatory lender Household International, HSBC rejects any ideas and suggestions other than their own. HSBC Holdings Plc, Europe’s biggest bank, rejected a call from the California State Teachers’ Retirement System for an outside strategic review. At Household - HSBC Watch - a […]

The Pentagon on Monday implemented new rules to protect U.S. service members and their families from high-cost, short-term loans, saying stress from such loans can hurt military readiness. The regulation, prompted by a law passed by Congress last year, limits the fees and interest that creditors can charge on payday, vehicle title, and tax […]

It looks like HSBC’s Household International could have more company in terms of predatory lenders. The Massachusetts attorney general’s office has sued Fremont Investment and Loan, once the state’s second-largest subprime lender, accusing it of using predatory lending practices to sell loans to some borrowers who eventually lost their homes or had to […]

“HSBC is one of the bluest of the blue chips, it’s got a good global franchise and its multiples are inexpensive,’’ said Leslie Phang, who helps oversee $1 billion at Commonwealth Private Bank in Singapore. While that assessment may apply in most countries it may not apply in the United states. Poor […]

Britain’s economic expansion has been hurt by the crisis in the financial markets, Treasury chief Alistair Darling warned, apparently signaling a reduction in the growth forecast for 2008. His remarks came ahead of a crucial budget report to be delivered next week.

HSBC, the nation’s largest bank, said that Britain faced investor flight in the […]

If HSBC is looking for sympathy and a subprime bailout then HSBC needs to keep looking, according to some. CNN Money has received many comments in recent weeks. “Foreclosure prevention” sounds a lot like “bailout” to many Americans, and they don’t like it one bit.

“Let the lumps fall where they may. No bailouts! […]

Never mind the U.S. subprime crisis, or the 100,00 plus who loast their jobs. Disregard the economic impact around the world. HSBC seems to be doing so, once again publishing nothing but good news. We see how HSBC gave a zoo hospital a boost, how well HSBC is doing with LBO’s, and […]