Household HSBC Watch

HSBC and activist investor organizaiton Knight-Vinke have been challenging each other for quite some time. This past weekend Knight-Vinke said “‘The dismissive comments in your letter conveyed a worrying degree of complacency. I hope this is just a matter of tone and not of substance.” The same United States division of HSBC […]

In addition to recent articles about HSBC in Vietnam and India, we must add Korea to the list, since HSBC wants a stake in KEB. HSBC said they want to concentrate on emerging markets, but there is volitility in emerging markets. What is clear is that global banks can participate in bad tactics […]

HSBC also likes India as a developing nation. In a recent article we wrote about problems in Vietnam, another HSBC favorite. India’s inflation accelerated to a 13-month high. That means India probably will not see an interest rate reduction any time soon. HSBC Group Plc in the past week reversed their […]

HSBC has obtained approval to set up a bank in Vietnam, making it one of the first overseas banks to incorporate there. Vietnam is an interesting prospect as HSBC did not fare well in the civilized world and thus looks for profits elsewhere. That is not to say that many developing nations are […]

The following information pertains to the right to recind an agreement between HSBC and a customer. It is quite lengthy, but very interesting. The information comes from the FTC and OCC, respectively, according to the submitter. Case law is included:

I. TILA & Res Judicata
(Analogous to Mr. Curtis xxxxxx , […]

HSBC Finance - formerly Household International - has been a sore spot for activists, investors, and shareholders. Often we report complaints that suggest anyone can or may be a target for HSBC. however, when a child or a parent dies and HSBC does not step up and take responsible and intelligent action it […]

HSBC Financial Services Middle East has picked up a 4.99 per cent stake in Yes Bank in the secondary market. HSBC refused to comment, while Yes Bank said “There is no arrangement for any cooperation with HSBC at this stage.’’ This may be an investment by HSBC or a non-event, depending on how […]

Curtis in Connecticut said in a recent commentary: “This is my own opinion based on dealing with HSBC. HSBC should be classified by Homeland Security as a terrorist organization.

It strikes fear into the hearts of thousands of Americans every day. It threatens to steal homes, money and by doing so steals lives.
Non-Political Terrorism […]

This is a classic example of how the subprime mess spun out of control. It is a classic example of how state regulators are continually frustrated by federal regulators and their desire to overrule state-level laws. Anyone who thinks they can get results from a local Better Business Bureau, when federal and state […]

HSBC Bank USA has pulled out of the federal student loan program for the upcoming academic year as the credit crunch puts a crimp on academic lending. In other words there is little profit in it or the loan program would have been accelerated instead. On the other hand students with limited […]