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Archive for the Category »HSBC Worldwide «

As we continue to monitor HSBC 2007 promises to be a banner year. We created a new interactive section where we will post your HSBC complaints. Interactive because you participate. Comment on any issue. The new section is here, at http://householdwatch.com/news/

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Popularity: 18% [?]

MEXICO CITY (MarketWatch) — The Mexican Ministry of Public Functions said Tuesday it will look into complaints of conflict of interest against a former finance minister, who was appointed this month as an independent director on the board of U.K.-based banking group HSBC Holdings PLC (HBC).

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Popularity: 19% [?]

Seen in The Asian Banker on December 18, 2006: “HSBC is scrambling to reinforce senior management to stave off internal problems at Household International, its U.S. sub-prime acquisition made when Sir John Bond was chairman. Looks like serious problems are creeping up.”

Popularity: 30% [?]

HSBC is cutting at least 20 jobs from its corporate finance division in the latest sign it is dropping John Studzinski’s plan to build a global investment banking business.

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Popularity: 23% [?]

The Australian unit of HSBC Holdings (0005) will sell its broker-originated mortgage portfolio valued at US$1.75 billion (HK$13.65 billion) to FirstMac, a leading Australian residential mortgage provider.
The portfolio consists of 10,000 customer accounts distributed through brokers in Australia.

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Popularity: 21% [?]