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Archive for the Category »Middle East «

HSBC BANK that has offices in 77 countries, claims to be a ’socially responsible corporation’. However, this doesn’t seem to apply to the humanitarian plight of Palestinians living in the Gaza strip and the Israeli occupied West Bank territories.

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Popularity: 18% [?]

Internet users in the UAE are being warned to be on their guard following a massive phishing scam targeting HSBC customers there. The phishing attack follows a reported hacking attack on Emirates Bank and a fraud incident in Dubai, where criminals captured card data and PIN numbers from an ATM using a pinhole camera and ‘skimmer’ — a device inserted into a card slot to read data.

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Popularity: 9% [?]

HSBC owns 40 percent of Saudi British Bank.

HSBC Bank Middle East Ltd. is based in Dubai and operates from 31 branches in the U.A.E., Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and Palestine, and units in Egypt and Iran. The bank plans to open an investment banking unit in Saudi Arabia this month as rising oil prices stoke the economies of the Persian Gulf’s oil producers and boost demand for financial services.

Popularity: 9% [?]

Stephen Green, Group Chief Executive, HSBC Holdings plc, said: “HSBC’s Future of Retirement: What the world wants research shows that individuals increasingly expect to bear their own costs in later life, but governments and business must understand their role in continuing to support individuals. They cannot afford to shy away from the enormous challenges and opportunities presented by global ageing.”

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Popularity: 19% [?]

Binding arbitration is one thing, but oppressive binding arbitration is quite another. One would expect oppressive action from the nation’s biggest predatory lender – Household International – and now HSBC. Note the ‘no class action’ clause! Here is the state court and supreme court opinion, summarized for clarity:

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Popularity: 18% [?]