Household HSBC Watch

We said for months that the UK is a bellweather for the United States. That is why this piece of logic is disturbing. UK consumer confidence stabilized this month after falling to a 12-year low during the crucial Christmas shopping period in December, figures showed today. Karen Ward, economist at HSBC, said […]

This report was submitted by a Connecticut resident. The submitter is responsible for the accuracy of this report, and personal opinions are his:

These are the attorney’s handling many HSBC Mortgage Services foreclosures in Connecticut. Looks like birds of a feather do flock together. A law firm, mortgage company and real estate broker will […]

The Asian Banker is reporting that HSBC will offer two mortgage products as part of its new HSBC Premier service that will be launched in Japan on 31 January 2008. HSBC Smart Mortgage and HSBC Smart Investment Mortgage, available to all HSBC Premier customers, come with no maximum lending limit. There is a footnote […]

Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for […]

Orlando, Fla.-based CNL Financial Group has purchased Two Harbour Place, a 12-story office tower in Tampa, for $32.25 million from HSBC, a global banking company. Jeff Morris, Jubeen Vaghefi, Steve Echelson and Doug Bartley of Jones Lang LaSalle brokered the transaction.

About the same time as this news release was made public a different news […]

HSBC has been added to the list of defendants in another class action suit. Although class action suits are nothing new for HSBC - in part thanks to HSBC Finance - January 25th was when HSBC was added to a new suit. New York state officials are suing a total of 26 banks […]

250 HSBC Korea union members and Korean Federation of Clerical and Financial Labour Unions (KFCLU) leaders went on lunchtime picketing on 22 and 23 January. They have been calling for negotiation with management since 26 December. Union members expressed their discontent with management after it unilaterally implemented an incentive system and wage increase without […]

Citigroup Inc. is abandoning a push to open as many as 100 branches a year in the U.S., concluding it had little chance to dislodge entrenched rivals in several markets. Barely two years after introducing the strategy, executives at New York based Citigroup now intend to sell or close some of the newest Citigroup […]

Many lenders went out of business or declared bankruptcy, but major losses and write-downs from subprime continue. Lawsuits are beginning, as Ohio’s Attorney General tries to show that Freddie Mac duped investors by not revealing how risky the subprime market was. The risk to other lenders is high if a precedent is set. […]

If Arab nations have money and the United States is no longer profitable just refocus. If Islamic finance seems attractive in the U.K. and U.S. just focus on your new new friends. That is the business model for HSBC - the Hong Kong Shanghai Bank, headquartered in London and doing business in […]