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. […]

Becky Barrow, Daily Mail, 19 December 2005
BRITAIN’S biggest bank has slapped a ban on rival customers at peak times. HSBC has put up signs in its 1,500 branches warning that other account holders will not be served between 11am and 2pm.

It insisted yesterday that the unprecedented move was meant only to improve the service […]

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 (Reuters) - Britain’s Financial Services Authority (FSA) said on Wednesday it had fined global bank HSBC 100,000 pounds for failing to ensure the accuracy of transaction reports from its stockbroking unit.
“In July 2005 the FSA requested certain trading information from HSBC Stockbroker Services (HSS) which, when reviewed, revealed that HSS had reported the client […]

TOP firms which have refused to donate £50 to a town’s Christmas lights display have been criticised. Petts Wood Business Association secretary Ken Patel says he is amazed by the lack of Christmas spirit shown by the branches of nationwide companies. So far HSBC has not donated a penny. “For all the money […]

Hang Seng Bank is a cash cow for HSBC Bank, headquartered in London. Hang Seng Bank is also the only part of HSBC that does not carry the HSBC logo. “Hang Seng Bank generates so much cash and profit for HSBC that HSBC is afraid to mess with success that has roots […]

Nov. 28 (Bloomberg) — HSBC Holdings Plc said Chief Executive Officer Stephen Green will become chairman, replacing John Bond. Green will take over as chairman when Bond, 64, retires in May after 45 years at the company, the London-based bank said in a statement today. Michael Geoghegan, head of the U.K. business, replaces Green […]

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 […]

In a press release that shows HSBC learned well from Shea v Household and continuing questions about HSBC Finance Corporation credit card payments, we find that HSBC can still be “Hong Kong Shanghai” if they want to, but not in the United States:

BEIJING, Nov. 10 (Xinhuanet) — HSBC Holdings Plc., Europe’s largest bank by […]

BEIJING - HSBC Holdings Plc., Europe’s largest bank by market value, said it expects to issue one million dual-currency credit cards by July with partner Bank of Communications Ltd., outpacing rival Citigroup Inc. in the world’s fastest-growing consumer market. “We are on track to meet our target,” Ron Logan, head of the credit […]