From the UK on 6 December: HSBC has become the second bank in less than a week to issue a stark warning on the debt crisis affecting British consumers.
Archive for the Category »2006 HSBC «
Category: 2006 HSBC, In the U.K.
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Traditional credit scores haven’t done a good job in accessing risk for non-traditional mortgage products such as interest-only loans and option adjustable rate mortgages, says a senior executive with HSBC Holding Plc, a British international banking giant.
Category: 2006 HSBC, In the U.S.
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HSBC’S top executives are to lose out on their lucrative performance bonuses this year as a result of the chronic underperformance of the company’s shares.
Category: 2006 HSBC, In the U.K., In the U.S.
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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.”
Category: 2006 HSBC, HSBC Worldwide, Predatory Lending
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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.
Category: 2006 HSBC, HSBC Worldwide
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