Household HSBC Watch

A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.

QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]

November 23, 2005 — Eight senior executives of embattled retailer Saks Inc., including the chief executive and two directors, have dumped more than $37 million of the company’s stock in recent days, according to regulatory filings. The insider sales by a broad swath of Saks’ management team, coming days after the company reported […]

NYSE Chairman Marshall Carter, along with the rest of the NYSE board, its Chief Executive John Thain and several Goldman Sachs (nyse: GS - news - people ) bankers are slated to testify regarding the New York Stock Exchange merger and its restructuring.

Carter said in an Oct. 12 deposition that Citibank contacted the NYSE on […]

SHELL, we were told by the Financial Services Authority last summer, was guilty of “unprecedented misconduct”. For five years, from 1998 to 2003, the company had repeatedly misled shareholders over its oil and gas reserves. It was so culpable that the regulator felt it had no choice but to fine it a then-record £17 million. […]

All California Good Guys stores close, while home entertainment products and expertise expand within CompUSA locations. In response to consumer buying preferences and demands, Good Guys is closing the doors to its 46 locations. n According to GoodGuys.com “After more than 30 years of providing the best in high-end entertainment products, along with unmatched […]

For October retirement checks the Federal Reserve transferred Social Security payments and military retirement checks to banks on September 28, 2005, at 1900 hours. With few exceptions, funds were not available to recipients until the nightly update on the night of Monday, 3 October 2005. The banks, therefore, got to use your money […]

Talk that HSBC Holdings (HBC) is about to bid for Bear Stearns (BSC) is highly unlikely, says Mark Thomas at Keefe, Bruyette & Woods. HSBC has said its days of strategic acquisitions are over, and “in terms of geographies, products, and skill base, it’s difficult to see what Bear Stearns could add to what HSBC […]

Just as he was out of touch with the capabilites and qualifications of Michael Brown, George Bush is out of touch on postal service reform, bankruptcy reform, class action reform, medicare prescription reform and so many other issues.

With only eleven replies but 6300 page views our forum topic titled “Duped and Deceived by Household” is one of the main stories peole read when visiting Household - HSBC Watch. The complete thread includes complaints from customers, a weak defense by an employee of the company, and input from former employees of Household […]

the goal of HSBC is to offshore 65% of all their IT jobs, with only 35% of the jobs being onshore