Household HSBC Watch

HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household - HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. […]

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 […]

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 […]

As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]

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 […]

PROSPECT HEIGHTS, Ill., Oct. 3 /PRNewswire/ — HSBC - North America’s
retail services business has renewed its alliance with Gardner-White Furniture
to manage the company’s private label credit card program. Gardner-White is a
leading furniture retailer based in metro Detroit. The new agreement extends HSBC Retail Services’ six-year relationship with Gardner-White. Since 1999, the Gardner-White […]

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.’’

Next […]

Soaring gas prices are turning a record number of Americans into credit-card deadbeats. Credit card delinquencies - that’s bills overdue by at least 30 days - reached a record high of 4.81% of accounts in the three months ending in June, the American Bankers Association announced yesterday. That’s compared with 4.76% in the first […]

PROSPECT HEIGHTS, Ill., Sept. 9 /PRNewswire/ — HSBC - North America has established a special toll-free number — 866-727-HSBC (866-727-4722) — for customers who live in areas of Louisiana, Alabama and Mississippi that were
directly impacted by Hurricane Katrina. HSBC agents are available to assist customers with inquiries regarding accounts held with HFC, Beneficial, […]