A look back at 2005 shows HSBC Finance Corporation’s merchants for what they really are. Ever wonder why this bumbling group of merchants decided to align their customers with a predatory lender such as Household International? Through questionable credit card processing, first with Household International and now with HSBC Finance Corporation (they […]
A Tuesday night episode of Boston Legal exposed the credit card industry for what they really are. When any industry goes beyond what is reasonable and prudent in the interest of profit it is a travesty. Boston Legal put the industry on prime time for what they really are, but the show contained […]
LONDON - Stephen Green, a preacher, lover of Russian literature and chief executive of HSBC (HSBA.L: Quote, Profile, Research), will next year step up to the biggest job in British banking as he crosses the corridor to the executive chairman’s office. Green, who has been HSBC’s CEO since June 2003, will step into […]
By JONATHAN D. EPSTEIN
News Business Reporter
11/16/2005
Profits at the New York-based parent of HSBC Bank USA fell again in the third quarter, as the growing relationship between HSBC Bank USA and former consumer finance company Household International continues to take a toll on the local bank’s earnings.
HSBC USA reported net income of […]
HSBC Bank USA has officially launched a new online savings account, offering an unusual 4 percent interest rate and no monthly fee in a bid to attract a nationwide customer base. The new account from the Delaware-based bank, which has the largest market share in Western New York, is the bank’s latest effort to […]
We spotted a new term recently which tries to glorify HSBC’s finance company while downplaying predatory lending from Household International. The term is “HSBC Retail Banking”. While their actually is a bank involved, HSBC retail banking is part of HSBC Finance Corporation - the new name for Household International. True while […]
Oct. 26, 2005–Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that London-based HSBC Holdings plc (HSBC), one of the world’s largest banking and financial organizations, has implemented Fair Isaac’s Fraud Predictor with Merchant Profiles. The next-generation fraud detection solution will provide HSBC with advanced capabilities for cutting fraud losses and […]
Loren Steffy of the Houston Chronicle wrote an article about a man who had an HSBC credit card, overlimit fees, and a desire to fight HSBC using tactics they used on him. You can do it too, by printing an invoice and mailing it to HSBC, HSBC Finance (the old disgraced predatory lender Household […]
A new dedicated forum for HSBC NV was created on October 17, 2005 within the HSBC Watch forums. Many consumer complaints indicate HSBC NV is now on their credit reports as identity theft or credit card fraud. Although many reports about HSBC NV are found by searching our website, the problem with HSBC […]
First-half pretax profit at the consumer finance business rose 9 percent to $2.32 billion. “We see this market, the sub-prime market, as a market that’s going to continue to grow,’’ Tom Detelich, HSBC Finance group executive said. “We think we are positioned very well to deal with any challenges that lie ahead.’’
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
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