Household HSBC Watch

Reuters is reporting that HSBC intends to open new branches - bank branches, not HFC and Beneficial Finance branches - across the United States. Quoting Kevin Martin, executive vice president of HSBC Bank USA, the bank inteneds to open new branches with a focus on New Jersey, California and Washington D.C. Plans […]

Isn’ this sweet: The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has awarded the winners of the HSBC Wedding Loan Promotion through a small ceremony held in Sylhet recently. We propose a promotion in the United States. It would be called the ‘HSBC Process Your Payment Correctly’ promotion. That […]

We invite everyone to rate their HSBC backed credit card at Household - HSBC Watch. Here are the ratings thus far:
The best: 14% (351)
Good: 7% (176)
Fair: 6% (152)
Poor: 14% (356)
Totally Unprofessional: 60% (1541)
Total Votes : 2576

The number in parenthesis is the total number of votes for the category. It seems like a […]

After you take the self-serving fluff out the press release, there is some news as HSBC and Loyalty Lab form an alliance. Loyalty Lab formed an alliance with HSBC Finance Corporation’s card and retail services business to extend advanced loyalty and customer retention marketing (CRM) capabilities to retailers that offer private label and co-branded […]

If you worked overtime for HSBC, HSBC Finance, or any subsidiaries such as Beneficial or HFC you can seek relief. A new suit was filed today. The suit follows the recent conditional FLSA certification by Judge Maxine Chesney of the Northern District of California of Nichols Kaster & Anderson’s Wong, et al. v. […]

Nichols Kaster & Anderson sued HSBC again last week for wage and hour violations under the Fair Labor Standards Act (FLSA) and California laws. Advocates at Household - HSBC Watch received many reports in the last quarter of 2007 that supported allegations made by employees dismissed during a drawdown at HSBC Finance, HFC, and […]

The governor of Ohio is trying to reach an agreement with subprime lenders. Ohio has been hit with high foreclosure rates. Governor Ted Strickland said recently “While the majority of the nine lenders said in their agreements how much notice they would give borrowers before a rate reset, some — such as HSBC […]

With regard to homeowners in trouble I can see congress saying “no bailout” to everyone, or having a very narrow definition of who gets any help, such as those who were victims of fraud. Unless the buyer can show fraud on the part of the financial institution, the courts have no authority to change […]

HSBC was awarded a GBP 1 million grant in 2006 to create jobs in Scotland. Instead HSBC is closing a payment processing center in Livingstone, Scotland, leading a loss of 164 jobs. HSBC officially says the people can find other jobs in Scotland. I doubt that many would move to Edinburgh and […]

We missed this article for some reason, but a reader called our attention to it this morning. The man who conspired with the vice president of an HSBC Bank in Brooklyn has pled guilty to numerous crimes, including conspiracy, bribery and solicitation to commit a crime of violence. Once again money laundering surrounds […]